🔍 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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