🔍 ETH Market Technical Analysis – 17 July 2025

📅 Today’s Live Chart Update

📊 Market Snapshot
Ether is trading at approximately $3,426.73, showing a healthy gain of about +8.1% on strong volume. Intraday price has ranged between $3,169.77 and $3,475.55. Today’s action brings Ether not only back above key moving averages but also into new upside territory.

📈 Price Action & Trend

Ether surged through prior resistance near $3,200, establishing it as new support.

Short-term trend: Strongly bullish as price breaks above consolidation zone.

Mid-term trend: Bullish momentum building, supported by higher highs and higher lows since mid‑June.

Long-term trend: Positive, with recovery underway following earlier range-bound action.

⚙ Technical Indicators

RSI is elevated but remains under extreme overbought levels, suggesting more room to run.

MACD shows clear bullish crossover, reinforcing upward momentum.

Moving Averages: Ether is trading well above 20-, 50-, and 200-day moving averages—the 200-day now acts as strong support near $3,000.

📐 Chart Structure & Patterns
Ether formed a bull flag following the 20% weekly gain. A breakout above today’s high near $3,475–$3,500 may propel price toward $3,600–$3,650. Conversely, a retreat below $3,200 could signal a retest of $3,000–$3,100.

🛠️ Trade Strategy Insights
Bullish Setup

Entry: around $3,400–$3,450 on strength or pullback

Targets: $3,600, then $3,750–$3,800

Stop-Loss: below $3,200

Caution / Bearish Scenario

Breakdown below $3,200

Potential retrace to $3,000–$2,950

Stop above $3,450 for bearish trades

🧠 Final Thoughts
Ether is in a bullish breakout phase, clearing resistance and trading at new highs. Today’s key levels to monitor are support at $3,200 and intraday resistance around $3,475–$3,500. A decisive move above these could open a pathway to $3,600+, while failure to hold support may trigger a pullback. Risk management remains crucial during sharp moves.

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