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3. Technical Setup & Indicators - The chart structure shows a “folded spring” formation, with higher peaks forming and a clear upward path as long as support remains - The technical assessment remains skewed positive. On the daily timeframe, most indicators point to strong buying momentum—moving averages are firmly in “Buy” territory 4. Macro Factors & Market Drivers - ETH continues to benefit from favorable macro trends: regulatory clarity (e.g., Crypto Projects, stablecoin regulation), growing dominance in DeFi, and strong ETF flows fueling its rally. - Despite historical patterns of weakness in August, 2025 has defied expectations with record-breaking daily transactions and surging corporate and whale accumulation Price forecasts are increasingly mixed: - Short-term: Some models target $4,400, requiring patience for realization. Long-term Analysts point to an average price near $4,688 by year-end, with upside projections reaching $5,000+—even pushing as high as $6,000–$8,000 in a very optimis
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#Ethereum – Technical Analysis (Current Price: ~$4,051) 1. Trend & Momentum - ETH recently broke above the $4,000 level, marking a new high for 2025 and reinforcing its bullish trajectory. On higher timeframes, the trend remains bullish, although short-term traders should be wary of a potential pullback. 2. Support & Resistance Levels Immediate Resistance Zone: - Around $3,950–$4,000, now transitioning into support after the breakout. - The next significant resistance lies at $4,100, aligning with a key Fibonacci extension level. A sustained move above could pave the way for higher targets. Support Levels: - The initial support zone is near $3,900–$4,000. A break below could create a buying opportunity on dips. - Broader structural support lies along the rising trendline, which continues to define the bullish channel.