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ETH Update – August 3, 2025

Ethereum (ETH) is currently trading around $3,470 and seems to be moving sideways for now. 

ETH Chart (Source Coingecko)

Here’s what’s happening in simple terms:

Trading Below EMA50

On the 4-hour chart, ETH is sitting below the EMA50, which shows that short-term momentum is a bit weak. It doesn't mean a crash, just that ETH is taking a breather.

RSI Looks Weak

The RSI is showing bearish momentum, meaning buyers are not very active right now. ETH might need more strength to push higher.

MACD Still Positive

While RSI is weak, the MACD is still positive. This shows there’s still some hidden buying power in the background, and ETH could turn bullish again if volume increases.

ETH Moving in a Range

Right now, ETH is stuck in a range between $3,350 (support) and $3,530 (resistance). It’s been bouncing between these levels for a while.

Breakout Level to Watch

The key level to watch is $3,675. If ETH breaks above this, it could make a strong move toward $4,000 or more. If not, it might stay in this range a bit longer.

Final Words

ETH is calm for now, but it’s building energy. A strong move could be coming soon. Watch the $3,675 level — it could be the breakout point!

Stay alert and trade wisely!

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