š§ Ethereum Update ā August 5, 2025
ETH is currently trading near $3,582, holding above key support despite a ~3.6% drop in the past 24 hours. The price is consolidating within the $3,550ā$3,730 range, showing indecision but setting up for the next move.
š Short-term bias: Slightly bearish
š Medium-term bias: Bullish if $3,730 breaks
š RSI: ~43 ā nearing oversold
š” Institutional interest remains strong despite recent ETF outflows
š Key Levels to Watch:
Support: $3,550
Resistance: $3,730
Breakout Target: $3,900ā$4,100
Breakdown Risk: $3,350 zone
With regulatory support growing and corporat
ETH is currently trading near $3,582, holding above key support despite a ~3.6% drop in the past 24 hours. The price is consolidating within the $3,550ā$3,730 range, showing indecision but setting up for the next move.
š Short-term bias: Slightly bearish
š Medium-term bias: Bullish if $3,730 breaks
š RSI: ~43 ā nearing oversold
š” Institutional interest remains strong despite recent ETF outflows
š Key Levels to Watch:
Support: $3,550
Resistance: $3,730
Breakout Target: $3,900ā$4,100
Breakdown Risk: $3,350 zone
With regulatory support growing and corporat