Technical analysis by MangoMan4 about Symbol ETH on 7/17/2025

Ethereum has shown a strong bullish push, breaking above the prior consolidation zone between $2,400–$2,600. Price is now approaching a significant weekly supply zone between $3,800–$4,100 — a region that previously acted as a major reversal point. 🔹 Current Price: ~$3,460 🔹 Resistance Zone: $3,800–$4,100 🔹 Support Zone: $2,400–$2,600 📌 Possible Scenarios: Rejection from resistance: ETH may test the upper supply zone and face selling pressure, triggering a pullback toward the mid-range or support. Breakout & Close Above $4,100: Would signal strong bullish continuation with potential targets toward new highs. 📉 Watch for: Bearish price action near resistance or a potential lower high forming. 📈 Bullish Bias Confirmed if: Weekly close above $4,100 with volume support. 🧠 Patience is key at major levels. Let price action guide the next move.