$ETH Here is a comprehensive analysis of Ethereum (ETH)$ETH dated August 9, 2025, based on the latest technical and fundamental data:
Technical Analysis of Ethereum – August 9, 2025
Technical Situation and Developments
Ethereum has risen by 3.5% in the last 24 hours, which has pushed it to break the $4,000 level for the first time since December 2024.
The price is currently trading at $3,918, showing consolidation above the moving averages (EMA20: $3,749, EMA50: $3,686, EMA100: $3,623) on the four-hour timeframe, confirming an upward trend.
The RSI indicator (30 minutes) is at a value of 59.7, away from the overbought area, suggesting continued positive momentum, and the MACD is positive but showing slight convergence.
Required Support and Resistance Levels
Main Support: $3,800 (strong technical support)
Secondary Support: $3,749
Immediate Resistance: $3,950
Next High Resistance: $4,100, which could be the key to opening a new upward path.
Expected Scenarios
** Bullish Scenario**:
Maintaining support above $3,800 and then breaking resistance between $3,950–$4,000 could drive ETH towards $4,100, and possibly to $5,000 if the bull pennant scenario succeeds, supported by the expansion of the transaction network.
** Neutral Scenario**:
Continued trading between $3,800 – $3,950 until a clear technical signal appears, especially during August – September when there is often volatility.
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