Technical analysis by cryptodailyuk about Symbol ETH on 7/18/2025

✅ Market Trend and Structure: Uptrend: The highlighted orange trend line shows continuous growth since mid-April. The price is trading above the 50- and 200-period moving averages (EMA and SMA), confirming bullish sentiment. Current price: around 3556 USDT – very close to local highs. Resistance break in the 3200–3300 USDT area, which now acts as support. 📈 Technical Levels: Resistance (red horizontal lines): 3600–3650 USDT – local resistance resulting from market reaction. 3888 USDT – next historical resistance level. 4133 USDT – established long-term target (green dashed line at the top). Support: 3300 USDT – strong support after a previous breakout. 3080 USDT – previous high, now the next support level. 3070 / 2900 USDT – key technical support levels in the event of a larger correction. 📊 Indicators: MACD: The MACD is in a strongly bullish zone, but: The histogram is flattening. A bearish crossover pattern is possible in the following candles – a signal of weakening momentum. RSI: RSI ~74 – is in the overbought zone, which often heralds a correction or at least consolidation. A value above 70 confirms the bullish trend but may suggest that momentum is overheated. 📌 Conclusions and Scenarios: 🔼 Upside Scenario (trend continuation): If the price remains above 3300–3350 USDT, it could move towards 3888, and then 4133 USDT. A break above 3650 USDT on heavy volume will be a strong continuation signal. 🔽 Corrective scenario (short-term pullback): The RSI and MACD suggest a possible correction. Potential pullback to: 3300 USDT (retest of previous resistance as support). SMA 200 (~2600 USDT) with a deeper downward move.