$ETH

Market Update – August 8, 2025

Current Snapshot

Price: $4,031.34 (+3.84%)

Range Across Exchanges: $3,912.65 – $4,054.6

Market Cap: ~$486B (still #2 in crypto rankings)

24H Volume: ~$45B (strong liquidity)

Performance Overview

Ethereum has posted a solid ~4% daily gain, reflecting growing bullish sentiment. Prices are testing the upper end of the current range, with traders eyeing a potential breakout.

Technical Levels

Resistance: ~$4,094 – heavy sell pressure could emerge here

Support: ~$3,700 – strong demand zone

Trend: Bullish, with momentum building toward resistance

Institutional & On-Chain Signals

Over $10B in institutional inflows into ETH treasuries shows deepening interest from public companies.

Post Proof-of-Stake upgrade, ETH issuance has dropped sharply, adding potential long-term deflationary pressure.

EIP-1559 continues to burn fees, gradually reducing circulating supply.

Outlook

Analysts remain optimistic that ETH could sustain above $4,000 and possibly break higher if volume holds. With broader markets leaning toward a “risk-on” mode, Ethereum — and altcoins in general — could see continued upside.

Watchlist: Price action near $4,094 will be key in deciding if ETH pushes into new highs or cools off for a retest.