๐ Ethereum($ETH ) Weekly Outlook
๐น Current Price: Around $3,742 as of July 23, showing strong upward momentum.
๐น Momentum: Gained +21% in the last week, breaking key resistance zones.
๐น Key Drivers:
Spot ETH ETF inflows (~$2โ5B weekly)
Strong corporate treasury accumulation
Growing investor interest amid bullish market sentiment
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๐ Technical Levels
Immediate Resistance:
$3,786 โ $3,820 โ Price is facing difficulty closing above this zone.
Next Resistance:
$3,880 โ $4,000
If this breaks, next major levels: $4,200 โ $4,500
Support Levels:
$3,600 โ Key support
Below that: $3,350, then $3,000
Price Targets:
Short-term: $4,000 โ $4,200
Mid-term: $4,500 โ $5,000
Long-term (2025): $10,000 โ $15,000 potential (if ETF trend continues)
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๐ก๏ธ Risk Management
Stop-Loss:
Conservative: Below $3,600
Aggressive: Around $3,500
RSI Alert: Currently above 80, indicating overbought conditions โ watch for pullbacks.
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๐ Suggested Weekly Strategy
Entry:
On break and close above $3,820 with strong volume.
Targets:
Primary: $4,000 โ $4,200
Secondary: $4,500 โ $5,000
Stop-Loss:
Keep below $3,600 to protect from reversals.
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โ ๏ธ Caution
If ETH drops below $3,600, it could fall quickly to $3,200 or even $3,000.
Overbought RSI means short-term corrections are possible before the next leg up.
