Here’s your article rewritten so it reads like As of today, **August 8, 2025**, Ethereum (**\$ETH**) is trading around **\$3,912.80**, up **6.28%** from yesterday’s close. The momentum is real — ETH is holding strong above key moving averages, showing signs of strength that can’t be ignored.
📊 My Technical Overview
ETH is riding solid recovery momentum and is comfortably trading above these major levels:
EMA(25): \$3,452.90
EMA(99): \$2,866.92
Right now, it’s testing resistance near EMA(7)at \$3,576.96 and the 24-hour high of \$3,576.07. If ETH breaks this area with conviction, we could be looking at the next leg up.
🔑 My Key Support & Resistance Levels
Support Zones:
*\$3,546
*\$3,484
Resistance Zones:
\$3,605
\$3,694
A daily close above \$3,600 — combined with RSI above 50 and trading volume pushing past 500K ETH — would confirm a breakout in my books.
📈 Momentum Check
RSI (14): Neutral at 53.13 Not overbought, not oversold.
MACD (4H):Flat Momentum building but not yet directional.
Bollinger Bands (4H): Tightening Expect volatility expansion soon.
💡 My Trade Plans
Bullish Setup
*Entry:Break and close above \$3,605 with strong volume confirmation
Stop-Loss: \$3,580
Take-Profit:
TP1: \$3,694
TP2: \$3,941
Bearish Setup
Entry: Close below \$3,484 with rising sell volume
Stop-Loss:** \$3,510
* **Take-Profit:**
* TP1: \$3,329
* TP2: \$3,000
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### 🧠 My Market Outlook
The sentiment on ETH right now is **cautiously bullish**. If we smash through and hold above \$4,000, I believe the path to \$6,000 opens up quickly — and if momentum sustains, even **\$8,000** could be in play over the coming months.
The bullish case is backed by:
* Strong institutional interest
* The fundamental boost from the **Dencun upgrade**
* Layer 2 growth accelerating network activity
That said, I’m watching for any bearish divergence or key support breaks — no trade is ever risk-free.
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### ⚠️ My Risk Management Rules
* **Position Size:** Max 4% of total trading capital
* **Leverage:** Max 5x, and only on confirmed breakouts (no leverage in sideways chop)
* **Monitoring:** Gas fees, staking flows, Bitcoin correlation, and ETH ETF news
💭 **Final Word:** ETH is at a critical junction. I’m ready for both directions — but if bulls take control above \$4K, the run to \$6K (and maybe \$8K) could come faster than most expect.