Ethereum News Today: Ethereum Holds Key $3,500 Support Amid Bullish and Bearish Technical Signals

Ethereum is currently hovering near critical support and resistance levels as it consolidates around the $3,500–$3,800 range. Following a multi-week rally that peaked near $3,838, ETH has pulled back and tested key short-term demand levels. Analysts are closely monitoring whether this correction represents a healthy consolidation phase or a warning sign of deeper weakness.

The $3,530–$3,550 zone has emerged as a crucial support level, with Ethereum currently holding above the 50-day simple moving average (SMA) at $3,012. A sustained break below this level could trigger a retest of $3,200, and further weakness may bring the $3,012 SMA into play as a critical pivot point [1]. On the upside, a clean move above $3,838 could signal the start of a new bullish phase, with $4,000 as a near-term target if momentum remains intact [3].

Technical indicators show mixed signals. The 14-day RSI has pulled back from overbought levels, now resting around 56.05, suggesting ETH has room to rally without immediate signs of overheating. The recent bounce off the 50-level has historically been a positive sign for bullish continuation [1]. Meanwhile, volume data shows that selling pressure has not intensified, indicating buyers are stepping in to absorb downward moves [9].

Analysts have offered divergent views on ETH’s near-term trajectory. Mike Novogratz, CEO of Galaxy Digital, has voiced confidence in Ethereum’s upside potential, predicting it could surpass $4,000 by the end of 2025, driven by corporate adoption and favorable macroeconomic conditions [4]. Others suggest ETH is in Wave 2 of a five-wave bullish trend, with Wave 3 potentially propelling prices above $4,800 if key levels remain intact [2]. Benjamin Cowen highlighted August as a pivotal month, noting that a sustained breakout above $4,000 could set off a strong bullish run [6].

Cross-market dynamics also play a role. Ethereum’s price action is closely tied to Bitcoin’s consolidation near $112K–$115K. A breakdown in BTC could spill over to ETH, even if its own chart appears stable [1]. Broader market conditions, including a rally in global equities, could further boost risk-on sentiment and drive ETH toward $4,000 [7].

As of early August 2025, Ethereum is stabilizing near its 26-day EMA, a historically significant level that has often acted as a pivot for continuation trends [9]. While the short-term outlook remains uncertain, the overall technical structure remains intact as long as ETH holds above $3,530. A decisive rebound above $3,800 would likely reignite bullish momentum, while a failure to reclaim this territory could lead to a retest of the $3,000 support cluster [3].

The coming weeks will be critical in determining whether Ethereum can maintain its bullish momentum or if a deeper consolidation phase is on the horizon.

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Source:

[1] https://cryptoticker.io/en/ethereum-price-prediction-break-or-correction-august-2025/

[2] https://www.ainvest.com/news/ethereum-news-today-ethereum-holds-critical-3-500-support-53-42-gains-consolidation-2508/

[3] https://bravenewcoin.com/insights/ethereum-eth-price-prediction-ethereum-crashes-below-3-5k-as-market-bleeds-is-the-bottom-in

[4] https://www.bitrue.com/blog/ethereum-price-outlook-2025-galaxy-digital-bullish-call

[5] https://cryptodnes.bg/en/mike-novogratz-rejects-bearish-eth-calls-predicts-4000-by-year-end/

[6] https://coinedition.com/eth-could-lead-the-next-bull-run-if-it-passes-this-test/

[7] https://blockchain.news/flashnews/ethereum-eth-price-outlook-bullish-momentum-and-key-pullbacks-for-crypto-traders

[8] https://coincodecap.com/eth-to-revisit-4000-buy-for-20-gain

[9] https://u.today/shiba-inu-shib-not-adding-zero-bitcoin-btc-112000-is-fundamental-ethereums-eth-massive-chance-for