📊 Technical Analysis
● ETH exploded out of the purple median channel, invalidating March-July lower-highs; retest of 3 210 held as a fresh higher-low, confirming trend acceleration.
● Price is now travelling the channel’s outer parallel; flag pole projected from the 2 430→3 210 thrust aligns with the 4 150-4 250 supply zone shown in pink.
💡 Fundamental Analysis
● CME ether futures OI hit a 14-month high on 17 Jul while exchange balances dropped to a five-year low, signalling strong institutional demand and tight float ahead of expected spot-ETF approvals.
✨ Summary
Long 3 210-3 300; hold above 3 210 targets 3 600 → 4 200. Bull view void on a 16 h close below 3 020.
-------------------
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● ETH exploded out of the purple median channel, invalidating March-July lower-highs; retest of 3 210 held as a fresh higher-low, confirming trend acceleration.
● Price is now travelling the channel’s outer parallel; flag pole projected from the 2 430→3 210 thrust aligns with the 4 150-4 250 supply zone shown in pink.
💡 Fundamental Analysis
● CME ether futures OI hit a 14-month high on 17 Jul while exchange balances dropped to a five-year low, signalling strong institutional demand and tight float ahead of expected spot-ETF approvals.
✨ Summary
Long 3 210-3 300; hold above 3 210 targets 3 600 → 4 200. Bull view void on a 16 h close below 3 020.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.