Market Analysis on August 4, 2025

First, let's look at the 1-hour candlestick chart of Ethereum.

Bollinger Bands Indicator:

The opening and closing levels of the Bollinger Bands correspond to prices 3516———3443. The middle band is trending upwards, corresponding to a price of 3480. Ethereum is above the middle band, in a high-level consolidation range, oscillating in the consolidation range of 3520~3460.

MA Moving Average Indicator:

The MA moving average indicator shows a small golden cross where the 5-day and 10-day moving averages intersect, corresponding to prices 3497 and 3493 respectively. The 30-day moving average is closing with an upward trend corresponding to a price of 3459, while the 60-day moving average is trending downwards corresponding to a price of 3486. The market is transitioning from a short-term bearish to bullish trend, but a slight rebound has already occurred, entering the high-level consolidation phase; the upper 120-day moving average is trending downwards corresponding to a price of 3627; the 360-day moving average is closing horizontally, corresponding to a price of 3700.

The RSI indicator is crossing downwards, corresponding to values 78~86, which is considered an overbought phase, with high-level consolidation oscillation. Currently, there is a small death cross formation, and the price is slightly declining and correcting; be aware that there is already a downward correction occurring. The MACD shows a horizontal trend with the market oscillating at a high level, with a slight upward bias.

Conclusion:

Ethereum has entered a phase of horizontal consolidation, oscillating in the range of 3520~3460, with a slight rebound bias. If it does not stabilize above 3520 for a long time, it may experience another downward correction.

Upper resistance point: 3520 strong resistance point: 3630

Lower small support point: 3450 strong support point: 3600

Current trend: Consolidating at a high level, after a spike through the Bollinger Bands, followed by a downward correction, encountering support at the middle band of Bollinger Bands, entering the consolidation phase, in the range of 3480---3520. If it does not stabilize and break through 3520 for a long time, it will oscillate in the range of 3480---3520 before a downward correction.