$ETH 🚀Ethereum Tests Key Support at $3,430 – Is the Correction Over?
August 2, 2025 — ETH/USDT is trading at $3,471.51 (-4.40% today), hovering near critical support after a 12% pullback from its recent high of $3,940.94. Despite the dip, Ethereum remains +35.15% over 30 days, buoyed by record $5.43B spot ETF inflows in July.
Why Watch ETH Now?
Technical Setup: RSI at 38 (oversold) with strong support at $3,431.75 (24H low). A rebound above $3,642.62 (24H high) could target $3,800.
Institutional Demand: $2.4M+ buy orders stacked near $3,470 signal accumulation.
Catalyst: Ethereum’s 10th anniversary and ETF momentum fuel long-term bullish sentiment.
Trade Plan:
Buy Zone: $3,430–$3,500 (50-day SMA confluence).
Target: $3,700 → $3,940 (ATH retest).
Stop-Loss: Below $3,400 to hedge downside.
📌 Volatility Alert: 24H range $3,428–$3,644—watch for liquidity grabs!
Key Stats:
30D Performance: +35.15% | Liquidity: $188M 24H volume.
Sentiment: Neutral (6/10 technical indicators).
DYOR—markets move fast!
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