ETH Market Technical Analysis – 3 July 2025

📅 Today’s Trend Overview

📊 Market Snapshot
Ethereum (ETH) is currently trading around $2624, showing strong upward momentum. After a brief consolidation phase earlier in the week, ETH has broken out with impressive volume, signaling renewed bullish strength. 🚀

📈 Price Trend Analysis
ETH has been climbing steadily since bouncing from the $2450 support zone. The current price action shows a clear breakout above the $2550 resistance, turning it into a strong support area.

✅ Short-term trend: Bullish

📘 Mid-term trend: Positive continuation

🔁 Long-term trend: Still in recovery mode but gaining strength

⚙ Technical Indicators Overview

RSI is hovering near the 60 level, indicating healthy momentum without being overbought.

MACD has crossed bullish, supporting the upside breakout.

Moving Averages: ETH is trading above the 20-day and 50-day moving averages, with the 200-day average now acting as a magnetic resistance near $2650.

📐 Chart Structure & Patterns
ETH is forming a clean ascending channel, indicating controlled and sustained growth. A breakout above the $2650 level could trigger a run toward $2800, while a rejection might lead to a retest of the $2550 zone for confirmation.

🛠️ Trade Setup Suggestions
🔹 Bullish Setup

Entry: $2570–$2620

Target 1: $2780

Target 2: $3000

Stop Loss: Below $2540

🔸 Caution Zone

If ETH closes below $2540, short-term weakness may emerge

Below $2450 = trend may shift to neutral or bearish

🧠 Final Thoughts
Ethereum is showing strong bullish signs with consistent upward movement and solid support beneath. The breakout above $2550 is a strong signal, but the real test lies at $2650. A clean break above this level could ignite a push toward $2800–$3000. Traders should stay alert for volatility near resistance and manage risk carefully. 📈🔥

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