🧠 Ethereum (ETH) Market Analysis & Insights – August 1, 2025

📉 Current Price: ~$3,637

📊 24H Change: –5.9%

🔻 Intraday Range: $3,630 – $3,870

📈 Weekly Range: $3,510 – $3,860

🔍 Insight:

Ethereum has underperformed Bitcoin this week, largely due to increasing risk aversion in global markets. While BTC hovered near key support, ETH faced heavier sell pressure, suggesting traders are exiting altcoins first in risk-off environments.

However, Ethereum’s fundamentals remain strong:

📦 Over 28M ETH is now staked — a strong signal of long-term holder conviction.

⚙️ Layer-2 adoption (like Base and zkSync) continues to surge, easing congestion on the mainnet.

🔁 Daily active addresses have stabilized near 480K — a sign of continued usage.

📌 Market Tip:

$3,600–$3,550 is a critical support zone to watch. If ETH holds here, a rebound toward $3,800 could follow, especially if Bitcoin stabilizes. But a break below $3,500 might open room for a drop toward $3,200 support.

Long-term holders may see this dip as an opportunity to average in, while short-term traders should watch for a bullish RSI divergence or reversal on the 4H chart