ETH Market Technical Analysis – 12 July 2025

📅 Today’s Live Insight into Ethereum

📊 Market Snapshot
Ethereum is trading around $2,938, sliding slightly from today’s high near $3,005. The intraday range spans $2,931–$3,005, suggesting some profit-taking after a test of key resistance levels. ⚖️

📈 Price Trend & Action

ETH rallied above the $2,980–$3,000 zone earlier but pulled back into the $2,930–$2,950 range.

Short-term trend: Neutral to slightly bullish—momentum testing upper band.

Mid-term trend: Bullish bias, riding on this week’s spike past $3,000.

Long-term trend: Uptrend remains intact with higher highs and lows since June.

⚙ Technical Indicators

RSI sits near 55–60, showing positive momentum without overbought conditions.

MACD remains in bullish mode, though momentum shows signs of cooling.

Moving Averages:
Price is above the 20‑day MA (~$2,900) – indicating short-term strength.

The 50‑day MA (~$2,800) remains intact as trend support.

Major hurdle remains the psychological $3,000 level.

📐 Chart Structure & Outlook
ETH has formed a bull flag—a consolidation after reaching near $3,000. A breakout above $3,005 could drive ETH toward $3,050–$3,100. But a break below $2,930 might see a pullback to $2,900–$2,880.

🛠️ Trade Strategies
🔹 Bullish Strategy

Entry: $2,945–$2,960 on bounce above support

Targets: $3,050 → $3,100+

Stop Loss: Below $2,930

🔸 Caution/Bearish Strategy

Entry: Below $2,930 on breakdown

Targets: $2,900 → $2,880

Stop Loss: Above $2,950

🎯 Final Thoughts
Ethereum remains in a bullish rhythm, holding above key moving averages. The battle is now between $2,930 support and $3,005 resistance. A breakout above $3,000 could signal fresh upside toward $3,100, while a fall below $2,930 could open a small pullback. Trade with clear levels, manage risk, and follow the momentum. 🚀📉📈

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