Ethereum ($ETH) Update – August 8, 2025
ETH is trading at $3,912.80, up 6.28% from yesterday. It’s showing strong momentum above major EMAs:
EMA(25): $3,452.90
EMA(99): $2,866.92
It’s now testing resistance near $3,576. A breakout could signal the next rally.
Key Levels
Support: $3,546 / $3,484
Resistance: $3,605 / $3,694
A close above $3,600 with volume >500K ETH and RSI >50 confirms bullish breakout.
Momentum Check
RSI: 53.13 (Neutral)
MACD (4H): Flat
Bollinger Bands: Tightening – expect volatility soon.
Trade Setups
Bullish:
Entry: Break above $3,605
SL: $3,580
TP: $3,694 / $3,941
Bearish:
Entry: Close below $3,484
SL: $3,510
TP: $3,329 / $3,000
Outlook
Sentiment is cautiously bullish. A break and hold above $4,000 could open doors to $6K–$8K, driven by institutional demand, the Dencun upgrade, and Layer 2 growth.
Risk Management
Max position: 4%
Leverage: Max 5x on confirmed moves