ETH Skyrockets 8% Daily Above $3.4K, Bulls Eye This Level Next (Ethereum Price Analysis)
2025-07-17 13:16:22
Main Idea
Ethereum's price has rebounded above the $3K level, showing bullish momentum but facing resistance near $3.5K, with potential targets at $3.7K and $4.1K if the upward trend continues.
Key Points
1. Ethereum has reclaimed the $3K level, indicating a bullish momentum after breaking past the $2.8K resistance.
2. The market is approaching a supply zone between $3.2K and $3.4K, with potential targets at $3.7K and $4.1K if the rally continues.
3. A key resistance region near $3.5K could lead to short-term fluctuations between $3K and $3.5K if not decisively broken.
4. The Binance Liquidation Heatmap highlights potential liquidity targets, with $4K being a critical zone that could attract price action.
5. Failure to break above $3.5K may prolong consolidation, while a successful breakout could pave the way for new highs.
Description
Ethereum has regained upward strength, reclaiming the key $3K level and highlighting strong buyer control. The ongoing bullish momentum now sets sights on the next major target around the $3.5K-$3.7K zone. Ethereum Price Analysis: Technicals By Shayan The Daily Chart ETH has sustained its upward trajectory, building on the bullish momentum that drove it above the key $3K psychological resistance. This breakout marks a strong show of force from the buyers, who have been in control since the asset...
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