$ETH
Here's a concise analysis of Ethereum (ETH) for today, August 7, 2025:
⚡ **Current Status**
- **Price**: $3,835 (up 5.87% in 24h) .
- **Market Cap**: $462.4B, maintaining #2 cryptocurrency rank .
📈 **Key Drivers**
1. **Technical Signals**:
- **Bullish Patterns**: Confirmed "golden cross" (23-week MA > 200-week MA) and bull flag breakout targeting **$5,673** .
- **Resistance**: Immediate hurdle at **$3,900–$4,092**; support at **$3,600–$3,400** .
- **Indicators**: 29/30 technical signals are bullish, though RSI (59.42) suggests neutrality .
2. **Institutional Demand**:
- Corporations hold **$7.59B in ETH**, targeting **$30.4B** total allocations .
- A whale accumulated **147,590 ETH ($544M)** recently .
3. **Network Activity**:
- Record **11.9M weekly transactions** and **1.92M daily active addresses** .
🌍 **Market Sentiment**
- **Neutral Fear & Greed Index** (54/100) .
- Bitcoin dominance stalling (61.69%), potentially boosting ETH capital rotation .
### ⚠️ **Risks to Watch**
- Geopolitical tensions (e.g., new U.S. tariffs) may increase volatility .
- Regulatory shifts or competition (e.g., Solana) could challenge dominance .
🔮 **Short-Term Outlook**
- **5-day forecast**: **$4,034** (+9.84%) .
- **Breakout confirmation**: Requires daily close above **$3,800** .
💎 **Summary**
ETH shows strong bullish momentum driven by technical breakouts, institutional accumulation, and robust on-chain activity. Watch **$3,900** resistance for upside confirmation, with **$3,600** as critical support.
Key metrics for Ethereum today:
| **Metric** | **Value** |
| Current Price | $3,835.51 |
| 24h Change | +5.87% |
| Key Resistance | $3,900 - $4,092 |
| Key Support | $3,600 - $3,400 |
| Market Sentiment | Neutral (Fear & Greed: 54) |
| 5-Day Price Target | $4,034.33 |