๐ Ethereum Outlook: Riding Through Consolidation.
$ETH stabilized around $3,500โ$3,900 after a strong 56% surge in July, fueled by ETF inflows and institutional momentum. A short-term dip pushed price closer to $3,300, but support has held firm for now.
๐ Key Levels to Watch:
โข Support: ~$3,550 (daily pivot), ~$3,460 (EMA25/confirmation), down to ~$3,300 if structure fails
โข Resistance: ~$3,940โ$4,000 (crucial breakout zone). Beyond this, next targets lie at ~$4,400โ$4,500
Momentum indicators like RSI (~55) and MACD suggest cooling off from overbought levelsโhealthy behavior in a strong trend.
๐ฎ Whatโs Next?
If $3,300 support holds, ETH could retest $4,000 and possibly push toward $5,140, backed by strong MVRV pricing signals and continued institutional demand.
๐ Points to Note:
โข Holding above $3,550โ$3,460 helps keep the bullish setup alive.
โข A reclaim above $3,940โ$4,000 could bring in stronger momentum.
โข But failing support near $3,300 may invite deeper retracement toward $3,000.
๐ Bottom line:
This feels like a reload zone, not a reversal. ETH is gathering strength, not turning tail. If you're planning a long-term entry, holding above $3.3K might just keep you in the game. ๐