$ETH
🚨 Ethereum ($ETH) Quick Technical Update – August 8, 2025📉
ETH
3,901.67
+2.72%
📉 Current Price: $3,911.66
⏱️ Timeframe: 15m – 4h chart (Live Analysis)
🔼 Recent High: $3,968
🔽 RSI (6): 44.77 → Signals momentum cooling
📊 Trend: Still bullish overall, but short-term correction in play
🔍 Technical Overview
ETH recently hit $3,968, now consolidating below key resistance.
Price hovering just under MA(7), near MA(25) — minor pullback likely.
Volume declining, signaling buyer fatigue in the short term.
📉 Key Support & Resistance Levels
Support: $3,906 / $3,875 / $3,805
Resistance: $3,926 / $3,950 / $3,968
💡 Trade Setups to Watch
🟢 Long Opportunity:
Entry Zone: $3,875 or $3,805
Stop-Loss: $3,800
Targets: $3,940 → $3,968 → $4,000
Confirmation: RSI bounce + bullish candle
🔴 Short Opportunity (if support breaks):
Entry: $3,898 – $3,905
Stop-Loss: $3,930
Targets: $3,875 → $3,805
Confirmation: RSI < 40 + volume spike
🧠 Conclusion
ETH remains bullish on higher timeframes, but short-term traders should stay cautious.
Look for dip buys near support or quick scalps if $3,900 fails.
Watch RSI and volume closely for real-time confirmation.
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📢 Trade safe. Manage risk. Stay sharp.
