Ethereum (ETH) Price Prediction for July 17

Key Points

1. Ethereum's price has extended its bullish streak, rising above $3,100, driven by SharpLink's continued ETH acquisitions, now holding nearly 312,000 ETH.

2. Technical indicators such as EMA, Bollinger Bands, RSI, and MACD show bullish signals, with the Chande Momentum Oscillator indicating extreme bullish strength.

3. SharpLink's recent purchase of 10,000 ETH from the Ethereum Foundation and staking activities have reduced available supply, intensifying upward price pressure.

4. ETH derivative analysis shows a 7.03% increase in open interest to $46.31 billion, with long/short ratios on Binance exceeding 2.23, reinforcing bullish sentiment.

5. Key resistance levels to watch are $3,298–$3,320; a break above could target $3,520 and $4,100, while support lies at $3,020 and $2,905–$2,920.