🔍 ETH Market Technical Analysis – 29 July 2025

📅 Today’s Insight into Ethereum Price Action

📊 Market Snapshot
Ethereum (ETH) is trading at approximately $3,862, within a daily range of $3,746 to $3,878. Today ETH is up slightly, showing light strength amid broader crypto weakness. 🔄

📈 Price & Trend Analysis
ETH rebounded off the lower bound near $3,746 and is now pushing toward recent highs. The short‑term trend leans bullish after holding key support, while mid‑term action remains mixed as ETH struggled near the $3,880–$3,900 resistance zone.

✅ Short‑term trend: Recovering, bullish bias

📘 Mid‑term trend: Sideways consolidation

🔁 Long‑term trend: Still below potential breakout level

⚙ Technical Indicators

RSI sits mid‑range (~55–60), offering room for upside without being overstretched.

MACD is starting to freshen up on the upside—momentum slowly turning positive.

Moving Averages: ETH is holding above its 20‑day and 50‑day MAs; the 200‑day MA sits just above $3,900, acting as key overhead resistance.

📐 Chart Structure & Setup
ETH is forming a bull pennant / flag pattern after a sharp pullback—flattened consolidation in the $3,820–$3,860 range. A breakout above $3,900 could signal a move toward $4,000–$4,050. But a breakdown below $3,820 may lead to retest of $3,746 or lower.

🛠️ Trade Scenarios
🐂 Bullish Setup

Entry: $3,840–$3,860

Targets: $3,900 → $4,000 → $4,050+

Stop-Loss: Below $3,820

⚠️ Caution / Bearish Setup

Watch for break under $3,820

Potential drop toward $3,780 or deeper to $3,746

Stop above $3,860 for safety

🎯 Final Summary
Ethereum is consolidating after a recent bounce, maintaining support above $3,820. A clean break above $3,900 may unlock upside toward $4,000–$4,050. Conversely, slipping below $3,820 could expose $3,746 area or lower. Traders should stay alert to breakout triggers and maintain proper risk control. 🔐📈💡

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