Brother Hao's Comprehensive Analysis of Ethereum (ETH) Price Fluctuations (Data as of August 1, 2025)

1. Current Price and Market Position

1. Latest Price and 24-hour Performance: As of August 1, 2025, based on Binance real-time data, the latest price of Ethereum is $3,705. In the past 24 hours, the market has shown significant fluctuations, with the price dropping by 3.0%. It reached a low of $3,098 (Bitstamp data), followed by a rebound, peaking at $3,830. Such price volatility highlights the high risk and uncertainty of the cryptocurrency market.

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2. Key Ranges and Resistance, Support Levels

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- Key Range: The $3,700 - $3,750 range became a dense trading area in July and has also become a watershed for fierce competition between bulls and bears. Price fluctuations within this range reflect a relative balance of market forces.

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- Resistance Zone: The $3,800 - $3,850 range is a strong selling pressure zone formed by the July highs. From a technical analysis perspective, when the price approaches this area, it will face significant selling pressure.

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- Support Level: $3,700 is not only an important psychological level but also coincides with the daily MA30, making its importance self-evident. If the price breaks below this level, it may trigger leveraged liquidations, leading to panic selling in the market. Meanwhile, $3,600 is the bottom of the July fluctuations; if broken, based on market inertia and technical analysis theory, the price will accelerate downwards to $3,500.

3. Brother Hao's Trading Guide for Today

Brother Hao recommends going long near 3785-3700 today, targeting 3745, and looking further towards 3789. When executing this operation, investors need to strictly set a stop-loss at #ETH .