Ethereum ($ETH ) Technical Snapshot โ August 8, 2025 ๐
๐ฐ Price: $3,911.66 (+1.87%)
๐ Timeframe: 15m โ 4h (Live View)
๐ Recent High: $3,968
๐ RSI (6): 44.77 โ Momentum easing
๐ Overall Trend: Bullish on higher timeframes, minor correction unfolding
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๐ Market Overview
ETH tapped $3,968 before easing under resistance.
Price is consolidating just below MA(7) and close to MA(25), hinting at a potential short-term pullback.
Volume is thinning โ a sign of buyer fatigue.
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๐ Key Levels
Support: $3,906 โ $3,875 โ $3,805
Resistance: $3,926 โ $3,950 โ $3,968
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๐ Trade Ideas
๐ข Long Setup
Entry: $3,875 or $3,805
Stop: $3,800
Targets: $3,940 โ $3,968 โ $4,000
Trigger: RSI bounce + bullish candle
๐ด Short Setup (if support breaks)
Entry: $3,898 โ $3,905
Stop: $3,930
Targets: $3,875 โ $3,805
Trigger: RSI < 40 + volume spike
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๐ก Pro Tip: ETHโs higher timeframe structure is still bullish โ look for dip-buy opportunities near key supports. Quick scalps possible if $3,900 gives way. Keep RSI and volume on your radar for live confirmations.
๐ข Follow for real-time updates: @tradingwith69
