Technical analysis by Maddox_Metrics about Symbol ETH on 7/3/2025

ETH is back into the range EQ as alt coins pump on the back of BTC breakoutPrice caught a strong bid after testing quadruple support: the major High Volume Node (HVN), daily 200EMA, 0.5 Fibonacci Retracement and daily S1 Pivot. Last week I posted about this area holding to kick off wave 3.There is still work to do to overcome the recent swing high at HVN major resistance but things are certainly looking bullish. The daily pivot point sits at $3150 as the next target.Long term terminal target for wave 3 is still the R4 daily pivot at $7340, I don't expect the terminal wave 5 to extend much beyond this, perhaps a wick above to trap retail at the top with a lot of media hype attached.Analysis is invalidated if we fall below wave (2) swing low $2050.Safe trading