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Ethereum (ETH) Price Update – July 23, 2025

Ethereum (ETH) is currently trading around $3,658, showing signs of sideways, choppy movement since yesterday. 

ETH Chart (Source Coingecko)

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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