[Emergency Market Update on August 3] Key Support and Rebound Strategies After BTC/ETH Plunge
#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.