#ETH Update #3 – July 15, 2025
After its recent impulsive move, Ethereum appeared to make a slight correction. However, this correction did not complete and instead formed a second peak. Since a full correction hasn't played out yet, caution is still warranted when trading Ethereum.
The first correction level is around $2,850, the second around $2,780, and the third around $2,700. If Ethereum pulls back to the second correction level, it will balance out the second imbalance zone created during the last impulse, which could allow for a healthier continuation upward.
As long as Ethereum doesn't break down below the $2,900 zone, I do not expect a correction. But if it does break below $2,900, corrections are likely to occur one after another.
At this point, neither a long nor a short position seems suitable for Ethereum.
After its recent impulsive move, Ethereum appeared to make a slight correction. However, this correction did not complete and instead formed a second peak. Since a full correction hasn't played out yet, caution is still warranted when trading Ethereum.
The first correction level is around $2,850, the second around $2,780, and the third around $2,700. If Ethereum pulls back to the second correction level, it will balance out the second imbalance zone created during the last impulse, which could allow for a healthier continuation upward.
As long as Ethereum doesn't break down below the $2,900 zone, I do not expect a correction. But if it does break below $2,900, corrections are likely to occur one after another.
At this point, neither a long nor a short position seems suitable for Ethereum.
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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.