Ethereum (ETH) Price Prediction for August 9
Ethereum price has extended its recovery, climbing from the August 5 low near $3,450 to test the $3,950 zone. This rally broke above a descending structure and retested the $3,708 support-turned-resistance level, which now serves as a launch point for the current push
the 4-hour chart, ETH is holding above all major EMAs. The EMA20 at $3,749, EMA50 at $3,686, and EMA100 at $3,623 are now stacked bullishly below price. This alignment supports continuation as long as $3,800 holds as near-term support.
Bollinger Bands have widened, indicating volatility expansion, while price rides the upper band, a sign of sustained bullish momentum. The breakout has also pushed ETH back above its broader trendline from July, re-establishing a higher-high structure.$ETH $ETH #Ethereum✅
