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#Gate2025MidYearGala ๐ Ethereum (ETH) Market Analysis โ July 29, 2025 ๐ง
ETH is trading around $3,767 today, showing a slight dip of -0.6% on the day. Despite the red candle, momentum in the market remains ๐ฅ.
๐ Technical Snapshot
๐ข ETH remains above the key support zone at $3,700.
๐ Slight pullback from the $3,
Small dips can strengthen long-term market structure.
As long as $3,700 holds, upside potential remains alive.
Patience could reward traders in the coming sessions.
Momentum indicators show only mild cooling for now.
If price holds, a push toward $4,000 is still in play.
Bulls should stay patient and manage risk wisely.
ETH staying above support signals resilience in buyers.
Market sentiment still favors medium-term growth.
A break under $3,700 could change the tone quickly.
Pullbacks like this often reset short-term overbought levels.
If bulls defend $3,700, the uptrend can easily resume.
Resistance at $3,900 remains the next key target.
This support zone is crucial for sustaining momentum.
A rebound from here could trigger a move toward $3,900.
Watch volume for confirmation of the next breakout.