$ETH As of Thursday, July 31, 2025, at 9:22:03 AM PKT, here's a detailed analysis of Ethereum (ETH):

Current Price & Recent Performance:

* Price: ETH is currently trading around $3,790 - $3,850 USD. Reports show it at $3,857.60 USD in some instances, and 1,092,958.80 Pakistani Rupee (PKR).

* 24-Hour Change: ETH has seen a modest positive movement in the last 24 hours, around +1.12% to +1.20%.

* Weekly/Monthly Performance: It has risen by 1.20% over the last week and a significant 51.65% over the last month, demonstrating strong bullish momentum.

* Year-to-Date (YTD): Up around 13.51%.

* Market Capitalization: Approximately $454 - $457 billion USD, solidifying its position as the second-largest cryptocurrency by market cap.

Technical Analysis:

* Resistance: ETH is currently approaching the significant psychological resistance level of $4,000. A break above this level would be a strong bullish signal and could trigger a "short squeeze" with over $2 billion in shorts potentially liquidated. Previous attempts to break $4,000 have seen some resistance. The upper Bollinger Band at $4,151 also acts as a resistance point.

* Support: Immediate daily support is identified at $3,730. If this level holds, ETH could continue its upward momentum. Further support levels are around $3,500 and the 20/50/100/200 exponential moving averages which are all bullishly stacked below the current price.

* Momentum Indicators:

* RSI (Relative Strength Index): The daily RSI is currently around 75, which is above the overbought level of 70. While this indicates strong optimism and buying pressure, it also suggests that a short-term correction or consolidation could occur.

* MACD (Moving Average Convergence Divergence): The MACD on the daily chart shows an early bearish crossover, suggesting some initial signs of a potential downward trend, though this is a lagging indicator.

* Trend: In the medium to long term, Ethereum is in a rising trend channel, signaling increasing optimism among investors and indicating a continued upward trajectory.

Key Influencing Factors & News:

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