📌 Current situation (August 1, 2025)$ETH :-
• Current price: approximately 3,711 USD, down about -3.85% over the last 24 hours.
• According to CoinMarketCap and CoinCodex, the price ranges between 3,719 to 3,720 USD, and daily trading has decreased by ~3.6% to 3.7%.
• RSI indicator shows a neutral state (between 30-70), indicating no current overbought or oversold condition.
• Daily moving averages (EMAs) show a bullish trend in the short to medium term, as the price is above all 10, 20, 50, 100, and 200 daily EMAs. However, the 200-day moving average shows some pullback in the weekly trend.
🔭 Forecast for tomorrow (August 2, 2025):-
• The price is expected to rise to around 3,758 USD with an increase of about +1.2% from the current price, according to CoinLore.
• Traders Union expects a price closer to 3,773.5 USD (+1.61%), and estimates a level of 3,833 USD (+3.2%) in two days.
• While other sources show a stable forecast at ~3,670 USD (+0.01%), they may be less accurate or relatively outdated.
Thus, the most likely moderate hypothesis — a slight increase of about 1-1.5% with prices ranging approximately between 3,750 to 3,780 USD for tomorrow.
🧭 Support and resistance levels:-
• Main support: ~3,598 USD; breaking this level may open the door for a decline towards ~3,600 or lower.
• First resistance: ~3,786 USD. If the price breaks this and closes above it, it may extend to 3,961 or 4,100 USD if the bullish momentum continues.
🇦🇷 Technical and fundamental side$ETH :-
• Temporary sentiment: The majority of technical indicators (11 out of 17) indicate a short-term bullish trend; EMA and higher prices may support the formation of light bullish momentum.
• Binance Analysis: There is a slight divergence in MACD and RSI on short timeframes, indicating a possible short breakout or slow movement before continuing the trend.
• Fundamental factors: ETH reserves on exchanges are at their lowest in 9 years, indicating significant purchases from major investors and depletion of available supply for sale.
📝 Summary of trading recommendations:-
1- Today ~3,711 USD, expected movement - approximately -3.5%, internal volatility, trading between support and resistance.
2- Tomorrow ~3,750 – 3,780, expected movement +1 to +1.5%, limited upside potential, resistance at 3,786.
3- Lowest support ~3,598 USD, expected movement a breakout may signal a decline towards ~3,600 or lower.
4- Stronger resistance ~3,786; future targets 3,961 → 4,100, expected movement in case of a breakout and momentum continuation.
✅ Result:-
ETH price is likely to see a slight increase tomorrow ranging from +1 to +1.5%, unless it breaks support at ~3,600 USD, or breaks strong resistance at ~3,786 USD. The short-term technical trend leans towards bullish neutrality, supported by fundamental demand factors and large purchases from major investors.
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