🚀 It seems that Ethereum ($ETH ) is on the verge of making a decisive move! Market analysis for August 2025 indicates that ETH is testing a long-term resistance level at $4000, which is a very important psychological and technical barrier.
🔍 Key technical points:
- Bullish flag pattern: ETH has formed a bullish flag on the daily chart, suggesting the potential for the upward trend to continue if the upper boundary of the pattern is breached.
- Strong support: There is strong support at the $3350 level, providing buyers with a good base to defend the price.
- Technical indicators: The Supertrend indicator shows support below the current price, reinforcing the likelihood of continued bullish momentum.
- Inverted head and shoulders pattern: Some analysts see a long-term pattern that could push the price towards levels reaching $10,000 if fully realized.
📊 Current situation:
- The current price is around $3669, with a daily increase of 3.03%.
- The fear and greed index is at 55, indicating a neutral state in the market, but there is increasing optimism among traders.
If ETH can breach the $4000 level this time, we may witness the beginning of a new bullish wave leading the market to unprecedented levels. Do you think the current momentum is enough to achieve that? Or is there a correction coming before the launch? 😏
