$ETH /USDT Market Update – August 6, 2025
Ethereum (ETH) is currently trading at $3,646, up +1.98% over the past 24 hours. Price action has been volatile, ranging between $3,545 and $3,694, as ETH attempts to recover from recent losses seen over the past week.
📊 Key Metrics:
Current Price: $3,646
24h High / Low: $3,694 / $3,545
7-Day Change: –5.6%
Monthly High: ~$3,945
Distance from All-Time High ($4,868): –26%
Futures Long/Short Ratio: 1.81 (bullish skew)
Funding Rate: +0.0089% (indicates long bias)
🔎 Market Insights:
Ethereum is showing mild bullish recovery today, but this follows a week of selling pressure, mostly driven by macro uncertainty and a sharp ETF outflow totaling $465 million.
Despite short-term bounce, order book flow remains weak, with a negative taker buy/sell ratio suggesting sellers are still dominating.
ETH is currently holding above key support at $3,580, but struggles to break through resistance at $3,700.
In futures markets (Binance), ETH/USDT leads in trading volume, which suggests continued interest and positioning for upside, even as spot volume tapers off.
🧭 Technical Levels:
Level Value (USDT) Note
Support $3,580 Holding strong so far
Resistance $3,700 Rejected here multiple times
Trend Bias Neutral to Bullish Short-term rebound; medium-term cautious
Volatility Elevated Large intraday swings
⚠️ Outlook:
$ETH must hold above $3,580 to maintain current momentum. If this support fails, we may see a slide toward $3,500 or $3,460.
A clean break above $3,700 would open the path to $3,750–$3,800.
Watch for ETF flow recovery and macro data signals (like interest rate updates) that could drive the next big move.
Let me know if you want insights on ETH staking returns, gas fees, ETH/BTC ratio, or layer-2 scaling trends.