This analysis examines the Ethereum/US Dollar 1-day chart from Binance, focusing on a potential bullish continuation as of July 22, 2025. The chart indicates a recent upward movement following a consolidation phase, with the price approaching a key resistance at $4,090.81. As a reader, I’d want to grasp the context: the 1-hour and 2-hour support zone around $2,455.64 has provided a strong foundation, while the current price action suggests a possible rejection point near $3,600.00 if it fails to break resistance.
My thought process starts with the support zone at $2,455.64, which has historically held, indicating a solid base for any upward move. The price has now reached $3,600.00, a level where it could either break out toward $4,090.81 or face rejection. A successful break above $4,090.81 with increased volume could lead to a continuation toward $4,200.00. However, if the price falls below $3,600.00, it might signal a retreat back to the support zone, invalidating the bullish outlook.
Profit Targets:
Short-term: $4,090.81 (key resistance)
Long-term: $4,200.00 (bullish continuation)
Stop Loss: $2,455.64 (below the 1h/2h support zone)
These targets and stop loss levels provide clarity for managing the trade effectively.
My thought process starts with the support zone at $2,455.64, which has historically held, indicating a solid base for any upward move. The price has now reached $3,600.00, a level where it could either break out toward $4,090.81 or face rejection. A successful break above $4,090.81 with increased volume could lead to a continuation toward $4,200.00. However, if the price falls below $3,600.00, it might signal a retreat back to the support zone, invalidating the bullish outlook.
Profit Targets:
Short-term: $4,090.81 (key resistance)
Long-term: $4,200.00 (bullish continuation)
Stop Loss: $2,455.64 (below the 1h/2h support zone)
These targets and stop loss levels provide clarity for managing the trade effectively.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.