🔥 #Ethereum✅ in August: Bullish Breakout or Bearish Bluff?

ETH: $3,700 | 📉 -3% (Thursday Close)

Ethereum hit a 2025 peak of $3,941 on July 28, delivering a stellar 48.80% return for July. Historically, August has been kind to ETH, averaging a 5.47% gain. With improving regulatory clarity, rising ETF demand, and easing geopolitical tensions, August could bring more upside. However, ETH recently slipped below the key $3,730 support, now trading below $3,700.

What’s Next?

Bearish Case: The RSI is dipping from overbought territory, and a bearish MACD crossover signals fading bullish momentum. ETH could slide to the next support at $3,500.

Bullish Case: A rebound above $3,730 could fuel a push toward the psychological $4,000 mark.

Trade Setup:

Entry: $3,680 – $3,720 (near current levels or pullback)

Stop Loss: $3,480

Take Profit:

TP1: $3,850

TP2: $4,000

TP3: $4,150

#ETHUSDT #EthereumRally #CryptoOutlook #BullVsBear #DigitalAssets