Ethereum (ETH) morning trend analysis
1. Market overview and performance this morning
As of this morning (August 2, 2025), Ethereum's price is at 3450−3450 -
3450−
Fluctuating between 3600 USD. According to the latest data, ETH has dropped about 5% to 6.71% in the past 24 hours, with a 24-hour trading volume of approximately 35B−35B -
35B−
41B USD. This indicates a significant pullback in Ethereum this morning.
2. Technical indicators analysis
According to the latest daily technical analysis from TradingView (as of GMT 01:21):
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Current price: $3481.6 USD, significantly down from yesterday.
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Oscillators: Overall bias towards neutral, with 2 sell signals, 9 neutral signals, and 0 buy signals. This indicates weakened buying momentum in the short term.
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Moving Averages: Overall bias towards buying, with 3 sell signals, 1 neutral signal, and 11 buy signals. Although the long-term moving averages still indicate buying, the short-term moving averages (such as EMA10, SMA10, Hull moving average (9)) have shown sell signals, which need attention.
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Summary: Overall bias towards neutral, with 5 sell signals, 10 neutral signals, and 11 buy signals. This shows a cautious and wait-and-see market sentiment compared to yesterday's 'strong buy' signal.
Conclusion: This morning's technical indicators for Ethereum show signs of short-term pullback, with oscillators and some short-term moving averages showing sell signals. While the long-term trend still leans towards buying, investors need to be wary of short-term risks.
3. Update on market sentiment and fundamental analysis this morning
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Market sentiment: This morning, Ethereum's price experienced a significant drop, causing panic sentiment to spread, and some altcoins also experienced panic selling. The cryptocurrency fear and greed index is currently at 65, down from yesterday, indicating a decline in investor optimism toward the market. Global political and economic turmoil, as well as poor U.S. employment reports, have negatively impacted the cryptocurrency market.
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Fundamental factors: Despite the short-term market sentiment being pessimistic, there are positive signals in Ethereum's fundamentals. The Ethereum Foundation (EF) has published an article on its official website outlining the development vision for Ethereum over the next decade, emphasizing its long-term development potential. Additionally, institutional demand remains an important support for this asset; despite increased selling pressure and self-custody withdrawals, institutional investors' interest in Ethereum has not completely faded.
Conclusion: The market sentiment for Ethereum this morning has been affected by the price drop, leading to panic and caution. Macroeconomic factors have also exacerbated the market pullback. However, the long-term fundamentals of Ethereum remain solid, and institutional interest in ETH is still present. Investors should be cautious in the short term, but Ethereum still has potential in the long run.
4. Trading strategies and entry point suggestions for this morning
Given the significant pullback in Ethereum this morning, market sentiment is cautious, but long-term fundamentals still provide support. The following strategies are recommended:
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Long position strategy:
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Entry point: It is recommended to enter at 3400−
Look for long opportunities around the 3450 USD region. If the price can bounce back to around $3300 USD and show stabilization signals, it would be a safer entry point.
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Stop-loss point: Set the stop-loss below $3250 USD to control risk.
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Take profit point:
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First target: $3550 USD.
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Second target: $3650 USD.
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Short position strategy:
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Entry point: If the price retraces to 3600−
The 3650 USD region failed to break effectively, showing clear top reversal signals, consider light short positions.
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Stop-loss point: Set stop-loss above $3700 USD.
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Take profit point:
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First target: $3500 USD.
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Second target: $3400 USD.
Risk warning: Contract trading is highly risky; please strictly control positions and manage risks. The above analysis is for reference only and does not constitute investment advice. The market changes rapidly; please adjust strategies flexibly based on real-time conditions.$ETH