Ethereum Price Drops Back: Another Test for Support Levels

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	407,144,472,866	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

407,144,472,866

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	58.10	1.74%	3,393.31	3,393.31	3,393.32

Price Change

Price Change %

Current Price

Bid Price

Offer

58.10

1.74%

3,393.31

3,393.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,421.00	3,275.41	3,343.06	3,335.21	2,112.00 - 4,109.67

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,421.00

3,275.41

3,343.06

3,335.21

2,112.00 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:12:34	0.073679	3,393.31	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:12:34

0.073679

3,393.31

USD

Price x Volume	Volume	Base Symbol	Related Pairs
193,483,892.56	57,762.36	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

193,483,892.56

57,762.36

Ethereum Price Drops Back: Another Test for Support Levels

08/01/2025 3:28am

NEWSBTC

Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,675 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,450 resistance level. Ethereum Price Dips Over 8% Ethereum price remained stable above the $3,650 level and extended its upward move like Bitcoin. ETH gained pace for a move above the $3,680 and $3,700 resistance levels. However, the bulls failed to push the price above the $3,750 resistance. A high was formed at $3,742 and the price started a fresh decline. There was a clear move below $3,650 and $3,550. There was also a break below a connecting bullish trend line with support at $3,675 on the hourly chart of ETH/USD. A low was formed at $3,356 and the price is now consolidating below the 23.6% Fib retracement level of the recent decline from the $3,742 swing high to the $3,356 low. Ethereum price is now trading below $3,550 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $3,450 level. The first major resistance is near the $3,500 level. The main resistance is now forming near $3,550 or the 50% Fib retracement level of the recent decline from the $3,742 swing high to the $3,356 low. A clear move above the $3,550 resistance might send the price toward the $3,650 resistance. An upside break above the $3,650 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,750 resistance zone or even $3,880 in the near term. More Losses In ETH? If Ethereum fails to clear the $3,450 resistance, it could start another decline. Initial support on the downside is near the $3,350 level. The first major support sits near the $3,320. A clear move below the $3,320 support might push the price toward the $3,250 support. Any more losses might send the price toward the $3,150 support level in the near term. The next key support sits at $3,120. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,350 Major Resistance Level – $3,450

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ETHUSD Ethereum