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📅 July 3, 7:00 – July 9,
The price of Ethereum has recently been the scene of a serious struggle between buyers and dealers. The analysis based on price movements, technical indicators, and volume data reveals the following important points:
📌 Daily Chart Review:
On July 2, a long lower wick strong bullish candle formed. This indicates that there is intense buying pressure at the bottom levels.
However, the large bearish candle that came on July 4 shows that the upward movement was strongly met by dealers.
This structure creates a K formation that prevents an upward rise: pressure above, support below.
⏳ 4 Hour View:
Following the rise initiated from the level of 2482, the price has currently entered a distinct horizontal consolidation phase.
The price is stuck in the range of 2500 – 2550, a breakout is expected for direction determination.
🔧 Technical Indicators:
🔸 MACD:
The DIF and DEA lines are moving very closely together, although the histogram has moved into the positive zone, it is weak.
This shows that the momentum of the rise has started to decrease and the risk of correction has increased.
🔸 RSI (14):
With a value of 51.24, it is close to the neutral zone and does not provide a clear signal in either direction.
There is an atmosphere of uncertainty and waiting in the market.
🔸 EMA (7 & 30):
🔸 Trading Volume:
On July 2nd, a high volume was observed during an upward breakout, but even more volume was created during the decline on July 4th.
The volume has been decreasing recently on a 4H basis → a period of calm before determining the market direction.
📈 Strategy Suggestion – Key Levels
🟩 Long (Long) Positions:
1. Buying Point: 2500→ Psychological level, EMA30 and resonant with the previous low.
2. Buy Point: If the area below 2475→ 2482 is cleared, strong support will form. Includes a 1% stop buffer.
Stop Loss: 2460→ If critical support is broken, the position should be exited without loss.
🟥 Short (Short) Positions:
1. Selling Point: 2550→ Close to the previous peak level of 2558, a strong resistance area.
2. Sales Point: If 2580 → 2550 is broken, aggressive trading can be taken. The target could be around 2600.
Stop Loss: If a permanent movement occurs above 2595→ 2580, the uptrend will be confirmed.
🧭 General Evaluation:
Currently, an uncertain and tight structure is being observed on the ETH/USDT side. We are in the decision zone. Below, the 2475 – 2500 area acts as support, while the 2550 – 2580 area above serves as strong resistance.
📌 Suggestion:
Small positions should be traded.
A gradual entry-exit strategy should be applied.
A breakout is expected with the increase in net volume.
Stops must be applied.