🔍 ETH Market Technical Analysis – 4 August 2025

📌 Live Price: ~$3,568 per coin (recent range ~$3,492 to ~$3,579)

📊 Market Snapshot
Ethereum is trading around $3,568, marking a solid ~2.1% intraday gain. Price has kicked higher after finding support near $3,492, reflecting bullish momentum early in the week.

🔥 Price Trend & Action

ETH rebounded strongly from its recent dip, climbing into the $3,550–$3,580 zone.

Short‑term: Upside momentum building steadily

Mid‑term: Breakout from consolidation since late July

Long‑term: Growth phase intact as Ethereum continues to recover

⚙️ Key Technical Indicators

RSI sits in the mid‑60s—bullish but not overbought 🚀

MACD remains positive, showing upward trend strength

Moving Averages: ETH is above its 20‑day and 50‑day moving averages; next resistance sits near the 200‑day MA zone at $3,650

🔲 Chart Structure & Outlook
ETH appears to be in a bull flag or ascending channel formation on the hourly chart—steady pullback after a strong run. A close above $3,600–$3,620 could trigger the next leg toward $3,650–$3,700. If support near $3,550 fails, price may test lower zones.

🛠️ Trade Strategy Ideas
✅ Bullish Scenario

Entry zone: $3,560–$3,580

Targets: $3,650 → $3,700

Stop-loss: Below $3,550

⚠️ Bearish/Caution Trigger

If ETH drops below $3,550 → $3,480 zone

Target downside: $3,480 → $3,400

Consider reducing exposure if price fails to hold support

🎯 Final Thoughts
Ethereum is showing strength and firming above key support levels. A breakout above $3,600–$3,620 could open fresh upside potential toward $3,700 and beyond. But if price breaks back under $3,550, watch for a pullback to $3,480–$3,400. Keep stops tight, manage position size well, and let the clean charts guide your next move. 💼📉📈

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