#ETH
📌 Latest market dynamics (as of August 3, 2025)
BTC: Current price $112,968 (24-hour decline of 2.07%), breaking the key support of $113,000, lowest reached $112,584.
ETH: Current price $3,396 (24-hour decline of 3.76%), briefly fell below $3,400 and then slightly rebounded.
Market sentiment:
$900M long liquidation, bears dominate short-term trend.
The ETH/BTC exchange rate fell to 0.03042 (down over 2% in 24 hours), indicating short-term weakness of ETH.
📈 Key levels and trading strategies
1. BTC (Bitcoin)
Support level:
$112,000 (psychological barrier) → If it breaks, it may test $111,000-$110,000.
$110,000 (200 SMA) → Long-term bullish defense level.
Resistance level:
$115,000 (previous support turned resistance) → If it breaks, it may rebound to $117,000.
Strategy:
Short-term bulls: If $112,000 stabilizes, you may try long positions, target $115,000, stop loss $111,500.
Short-term bears: If it rebounds to $115,000 and is resisted, you may try short positions, target $113,000, stop loss $115,500.
2. ETH (Ethereum)
Support level:
$3,400 (intraday low) → If it fails to hold, it may test $3,300-$3,200.
$3,200 (long-term trend support) → If it breaks, it may enter a deeper correction.
Resistance level:
$3,500 (short-term selling pressure zone) → If it stabilizes, it may rebound to $3,600.
Strategy:
Short-term bulls: If $3,400 stabilizes, you may try long positions, target $3,500, stop loss $3,350.
Short-term bears: If it rebounds to $3,500 and is resisted, you may try short positions, target $3,400, stop loss $3,550.
⚠️ Today's risk warning
Macroeconomic impacts:
Uncertainty of Federal Reserve policy + Trump's pressure on Powell's resignation statements intensifies market volatility.
If BTC falls below $110,000, it may trigger a larger-scale sell-off.
Liquidation pressure:
If ETH falls below $3,400, it may trigger a long liquidation of $2.885 billion.
Institutional movements:
Bitcoin ETF saw a net outflow of $812.3 million in one day, indicating short-term caution from institutions.
📌 Summary and operational suggestions
Short-term trend: Bears dominate, but $112,000 (BTC) and $3,400 (ETH) are key support levels; if stabilized, a rebound may occur.
Best strategy:
Conservatives: Wait for $110,000 (BTC) or $3,300 (ETH) to build positions in batches.
Radicals: If BTC stabilizes at $112,000 / ETH stabilizes at $3,400, you may try long positions with strict stop loss.
Long-term outlook:
September interest rate cut expectations remain, if market sentiment warms up, BTC/ETH may usher in a new round of increase.
(🔥 Interaction: Do you think BTC/ETH will continue to fall or rebound today? Welcome to leave comments for discussion!
