Technical analysis by CryptoPilot about Symbol ETH on 7/31/2025

ETH is moving within a rising channel, but momentum is fading. Price failed to break above the midline and is now testing lower support. A fakeout to the upside toward the $4,015–$4,050 supply zone is possible before a deeper drop. The projected path suggests a short-term bounce, final liquidity sweep, then potential reversal. 🟡 Key Resistance: $4,015 🔻 Breakdown trigger: Below $3,620 🎯 Bearish Targets: $3,250 → $3,100 Structure hints at a possible Ending Diagonal (Neowave), or a Trap-Wave E inside a Complex Correction. ⚠️ Watch for manipulation near highs – confirmation needed for short entry.