Here is a comprehensive technical analysis of Ethereum (ETH) as of August 2025, focusing on key technical indicators and potential trends:
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### 1. Timeframe: Daily
- Current price: ~ $3,400 (fluctuating between $3,200 and $3,600).
- Overall trend: Bullish in the medium term with current correction after a peak at $3,800 in July 2025.
- Support and resistance levels:
- Strong support: $3,200 (previous bounce point + 50-day moving average).
- Secondary support: $3,000 (psychological + June 2025 low).
- Strong resistance: $3,600 (current August peak).
- Critical resistance: $3,800 (July 2025 high).
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### 2. Key Technical Indicators
| Indicator | Value/Status | Implication |
|------------------|-------------------------------|------------------------------|
| RSI (14 days) | 48 (Neutral) | No overbought/sold, room for fluctuation. |
| MACD | Negative signal (below zero line) | Short-term bearish momentum. |
| Moving averages | Price above MA 200 ($2,900) | Long-term bullish trend. |
| Volume | Relatively low | Weak buying participation currently. |
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### 3. Chart Patterns
- Symmetrical Triangle pattern:
- Forming since May 2025 (peak at $3,800 and low at $2,950).
- Indicates a potential breakout in the coming weeks:
- Bullish breakout: Theoretical target ≈ $4,200 (measuring the height of the triangle).
- Bearish breakout: could push the price towards $2,800.
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### 4. Elliott Wave Analysis
- Recent wave: Correction wave after a strong rise from $2,500 in April 2025.
- Most likely scenario:
- Completion of the corrective wave (Wave 4) at $3,200.
- Beginning of a new bullish wave (Wave 5) towards $4,000+ if support holds.
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### 5. External factors affecting
- Network updates: Success of the Pectra update (scheduled Q4 2025) could boost confidence.
- Fundamentals:
- Growth of TVL (Total Value Locked) in DeFi above $60B.
- Sharp decline in ETH issuance after the 'Merge'.
- Bitcoin (BTC): Strong positive correlation (if BTC surpasses $70,000, it could lead ETH upward).
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### 6. Short/Long-term forecasts
| Timeframe | Bullish scenario | Bearish scenario |
|------------------|--------------------------------|---------------------------------|
| Short-term | Bounce from $3,200 towards $3,600 | Break below $3,200 pushes down to $3,000. |
| Long-term | Break above $3,800 opens path to $4,500 | Break below $2,900 threatens bullish trend. |
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### Summary:
- Current situation: Neutral-positive with buyer dominance in the long term, but needs more momentum.
- Watch points:
- Buy: at support $3,200 (pending confirmation of bounce).
- Selling/profit-taking: at resistance $3,600–$3,800.
- Stop loss: below $3,000 (to break the bullish structure).
- Major risks: Overall slowdown in the cryptocurrency market or delays in Ethereum updates.
> Note: This analysis does not constitute financial advice. Consult multiple sources and assess risks before investing.
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