ETH Market Update – Aug 3, 2025

Ethereum trades at $3,470, down 0.4% today.

🔻 Broke below key $3,500 support.

📈 Active wallets hit a 1-year high — network use is strong.

🏦 Big players still buying: Galaxy Digital just grabbed 23K $ETH.

👉 ETH looks weak short-term but solid long-term.

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