ETH & USDT Market Check – Aug 23, 2025
Quick breakdown of what I’m seeing on the charts and sentiment side:
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🟣 Ethereum (ETH)
ETH is still holding up decently despite the chop. It's been ranging between $1,850 and $1,900, and now it's creeping up on that $1,940 resistance. If it breaks clean above that, $2K is the obvious next target—but it’s been a stubborn level in the past.
Support’s sitting around $1,850, and if that fails, I’d look to $1,790 for the next bounce area.
On-chain data looks healthy—staking is up, dev activity’s steady, and L2s are keeping gas fees chill. So structurally, ETH still looks strong long-term.
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🟩 Tether (USDT)
USDT dominance is rising a bit, which usually means traders are playing it safe. Could just be a pause before the next move, or people prepping for volatility. Either way, I’m watching how much stablecoin capital is sitting on exchanges—could be waiting to re-enter.
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Final Thoughts
ETH feels like it’s coiling up for something. $2K is key—break it with volume and we might get a decent move. But if USDT dominance keeps climbing, we might see more downside or sideways chop first.
Right now I’m cautiously optimistic. Keeping alerts at $1,940 and $1,850. Letting the market show its hand.
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What’s your take—bullish or still sitting on the sidelines?
