Ethereum (ETH) Price Update – July 23, 2025
Ethereum (ETH) is currently trading around $3,658, showing signs of sideways, choppy movement since yesterday.
While this kind of consolidation is not unusual, technical indicators are sending mixed signals that traders should pay attention to.
On the 4-hour chart, ETH continues to hold above the EMA50, which is a key short-term support level. This suggests that bullish momentum hasn't fully faded yet. However, there's a note of caution: the MACD is flashing a bearish signal, hinting at possible weakness ahead.
With these conflicting signals, the market may be preparing for a retest of the $3,500 zone. Such a move would allow Ethereum to cool off from overbought conditions and possibly build a stronger base for a fresh upside rally.
Key Takeaways:
- Price: $3,658
- Trend: Choppy, range-bound
- Support: EMA50 (4H) still holding
- Warning Signal: MACD turning bearish
- Watch Level: $3,500 retest likely
Conclusion:
ETH remains technically supported but may need a pullback to reset momentum. Traders should keep an eye on the $3,500 level for potential buy opportunities or further weakness.
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