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🔍 Ethereum (ETH) Technical Outlook – 4 Aug 2025
📌 Current Price: ~$3,568 (recent range ~$3,492 – $3,579)
📊 Market Overview
ETH is holding steady near $3,568, delivering about a 2.1% daily gain. The rebound from the $3,492 support area signals renewed bullish momentum at the start of the week.
🔥 Price Action & Trend
After bouncing from its recent low, ETH is now trading within the $3,550–$3,580 band.
Short‑Term: Momentum trending upward
Medium‑Term: Breaking out from late‑July consolidation
Long‑Term: Recovery phase still intact, with growth potential
⚙️ Technical Signals
RSI: Mid‑60s → Bullish but not overheated 🚀
MACD: Positive → Trend strength confirmed
Moving Averages: Trading above 20‑day & 50‑day MAs; next key resistance is near the 200‑day MA at $3,650
🔲 Chart View & Price Projection
ETH is shaping a bull flag / ascending channel on the hourly chart.
Bullish trigger: A decisive break above $3,600–$3,620 could aim for $3,650–$3,700
Caution: If $3,550 support cracks, price may revisit $3,480 or even $3,400
🛠 Trading Approach
✅ Bullish Play
Entry: $3,560–$3,580
Targets: $3,650 → $3,700
Stop: Below $3,550
⚠ Bearish Watch
Breakdown below $3,550 → $3,480
Downside potential: $3,480 → $3,400
Cut exposure if support doesn’t hold
🎯 Key Takeaway
Ethereum is firm above critical support levels, with upside potential if it clears the $3,600–$3,620 zone. Watch the $3,550 mark closely for possible pullbacks. Trade with discipline — protect your stops and size positions wisely. 💼📈📉
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