$ETH #ETHAnalysis

ETH $1,738.24: -2.20% Day, Double Top At $1,812.60 Confirmed? $1,746 Reclaim or $1,725 Break?

Quick Look
ETH is at $1,738.24, down 2.20% today. 24h range: $1,725.29 to $1,812.60. Flow hit 141.47K ETH / $250.30M. After tagging $1,812.60, ETH dropped 4.8% to $1,725.29. Short-term trend flipped bearish, but daily still tries to hold a bigger uptrend.

What The Chart Says: 4h Bear Cross vs Daily Bull Hope
1. 4h Structure Broke Down: MA5 $1,738.89, MA10 $1,738.20, MA30 $1,745.99. Price sits under MA30. 4h death cross formed — MA7 crossed below MA30. That’s bearish momentum. Lower highs from $1,812.60 → $1,768.94 → $1,742.75 confirm it. 2. Oversold Bounce Setup: 4h CCI and WR are in the low zone. That flags short-term oversold. Paired with daily MACD bottom split, a relief bounce can hit fast. But bounces in downtrends are for selling until structure flips. 3. Daily Still Uptrend But Weak: Daily keeps PDI > MDI, so main trend is still up. However, MACD shows a bottom split — price made a new low at $1,725.29, but MACD did not. That’s bullish. Problem: K-line built a double top on July 6–8 near $1,812.60. Neckline is $1,725.29. 4. Flow Confirms Panic: Flow spiked as price fell. $250.30M traded into red candles. That’s “flow up, price down” — sellers hitting bids. No dip-buying yet. Until flow drops on red or rises on green, bears control.
Key Levels
The line to reclaim is $1,745.99, the MA30 on 15m. Above it sits $1,768.94, then $1,795.13 and $1,812.60 double top.

If Bulls Win: A 15m close over $1,746 with rising flow opens $1,768 → $1,795 → $1,812. Break $1,812.60 and the double top fails. Next is $1,821.33, then $1,849+.

If Bears Step In: Lose $1,738 and $1,725.29 24h low is next. Under that, double top confirms. Measured move targets $1,638. That’s a 5.7% drop from here. Next support is $1,716.55, then $1,680.

MACD Detail
15m MACD is 0.76, with DIF -4.80 over DEA -5.56. Lines just crossed up from deep lows. That backs the 4h oversold bounce case. But 4h MACD still trends down. No 4h flip yet.

Game Plan
Aggressive: Short a failed retest of $1,745.99 MA30. Stop over $1,750. Target $1,725, then $1,716. For longs, wait for 15m close over $1,746 with flow. Stop under $1,738. Target $1,768.
Safe: Wait for $1,725 to hold and 15m to reclaim $1,746. Or wait for $1,725 to break and short a retest of $1,730. Next solid bid zone is $1,716 to $1,680.
Risk Off: Under MA30 $1,745.99, trend is down. Stay flat until 4h reclaims MA7 > MA30.

Bottom Line: ETH printed a double top at $1,812.60 and broke down. 4h death cross and rising flow on red show panic. But CCI/WR oversold + daily MACD bottom split can spark a bounce. $1,745.99 is the reclaim level. Take it, and $1,768 opens. Fail it, and $1,725 breaks next, confirming the double top toward $1,638.

Did you catch the $1,812 top or are you waiting for $1,725 to break? What’s your level? Drop it below.

$ETH #Ethereum #ETH #Crypto”