Analysis of Ethereum Behavior – August 8, 2025
Current Price: Approximately $4043
Daily Trading Range: Between $3865 and $4057
Price History Over the Week: Increased from $3684 yesterday to $4045 today, representing an increase of nearly 10% over two days
Critical Support and Resistance Levels:
Strong Resistance: At the $4000 level, breaking it could form a clear bullish signal
If the positive momentum continues, the price may quickly head towards $4400, with market derivatives indicators suggesting the likelihood of this rapid trajectory
Initial Support: Located around $3600–3700 and considered important boundaries for the continuation of the bullish structure
Additional Support Levels: Between $3500 and $3600, and if it drops below, prices may retreat to $3400–3450
Proposed Buy Entry Point: If the price bounces from the support levels ($3600–3700) with a flexible stop loss around $3550
Initial Profit Taking Target: At $4400 if the price breaks the psychological resistance level of $4000
Moving Stop Loss: Once reaching $4200 to turn the trade into a profitable one and adjust the risk
