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🔍 ETH Market Technical Analysis – 1 August 2025
📊 Market Snapshot
Current Price: About $3,632
Today’s Range: High near $3,870, low around $3,631
Change: Down about –$232, showing early-day weakness after strong moves
Ethereum opened strong after recent gains, but profit-taking pushed price off the highs. The intraday swing shows active volatility as bulls and bears battle near key zones.
📈 Price Action & Trend
ETH has pulled back into a consolidation phase after reaching $3,870, finding nearby support at $3,632.
Short-term trend: Sideways to slightly bearish as price retests demand zones.
Mid-term trend: Bullish overall, with recent swings higher.
Long-term trend: Still positive— ETH has been trending higher over weeks.
⚙ Technical Indicators
RSI is in mid‑range (~45‑55), showing momentum is cooling but not overbought or oversold.
MACD shows bearish crossover below the signal line, signaling potential short‑term correction.
Moving Averages: ETH remains above its 50‑day and 200‑day averages—these still support the broader uptrend.
📐 Chart Structure & Setups
ETH is forming a descending retracement channel, stretching from the intraday high of $3,870 down to support at $3,632. A breakout above $3,870 could restart the uptrend toward $3,900–$4,000. If price dips below $3,630, deeper pullback to $3,570–$3,550 may occur.
🛠️ Trading Setups & Strategy
🔹 Bullish Setup
Entry: $3,640–$3,660 if price stabilizes
Targets: $3,870 → $3,900 → $4,000+
Stop Loss: Below $3,630
🔸 Caution or Bearish Setup
If ETH falls below $3,630
Target range: $3,570 → $3,550
Stop for shorts placed above $3,650
🎯 Final Thoughts
Ethereum is currently digesting gains after strong recent moves. Support sits around $3,632, and a sustained break below could open deeper retracement toward $3,550–$3,500. But if ETH rebounds and breaks $3,870, expect upside toward $3,900–$4,000. Keep an eye on momentum shifts, manage risk wisely, and trade in line with price action. 📉📈💼
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