ETH Market Technical Analysis – 11 July 2025

📅 Live Price Insight Today

📊 Market Snapshot
Ethereum is trading around $2,967, up modestly on the day. Intraday range spans $2,802–$3,028, showing renewed volatility and trader engagement. Momentum appears bullish‑leaning, but caution is advised near key zones. 🧭

📈 Trend & Price Action

ETH bounced off the low near $2,802 and climbed back near the $3,000 level, signaling strong buyer interest.

Short‑term trend: Bullish as long as price holds above $2,900.

Mid‑term trend: Upward tilt, with price now above most moving averages.

Long‑term trend: Recovering smartly, approaching recent highs around $3,200.

⚙ Technical Indicators

RSI sits around 60, showing bullish momentum without being overbought.

MACD is above zero and rising, confirming upside strength.

Moving Averages: ETH is comfortably above the 20‑day and 50‑day MAs; the 200‑day MA is well below near $2,600, indicating strong technical position.

📐 Chart Structure & Outlook
ETH is forming an ascending channel from the $2,800 base toward current highs. A breakout above $3,030 could ignite a run toward $3,100–$3,150, with next resistance at $3,200+. On the flip side, a drop below $2,900 may bring a pullback to $2,800 or even test $2,600.

🛠️ Trade Ideas
🔹 Bullish Scenario

Entry: $2,940–$2,970 on stability above support

Targets: $3,100 → $3,150 → $3,200+

Stop Loss: Below $2,900

🔸 Bearish / Caution Setup

Breakdown entry: Below $2,900

Target: $2,820 → $2,800 → $2,600

Stop: Above $2,940

🎯 Summary
Ethereum is showing solid bullish momentum within a rising channel. The key zones to watch are $2,900 for support and $3,030 for resistance. A clear break above $3,030 could fuel further gains, while a violation below $2,900 may signal weakness. Trade with clear risk parameters and follow the channel flow. 📈🔐🚀

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