Ethereum News Today: Ethereum Stuck Below $3,800 as Key Resistance Hinders Bullish Momentum

Generated by AI AgentCoin World
Friday, Aug 8, 2025 7:41 pm ET1min read
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Aime RobotAime Summary

- Ethereum (ETH) struggles below $3,800, a key resistance level hindering bullish momentum and threatening further declines.

- Technical indicators highlight clustered sell walls between $3,900-$4,000, with critical support at $3,147 and $2,900 signaling potential breakdown risks.

- A double bottom pattern near $3,400-$3,500 suggests possible reversal if volume surges during a clean $3,800 retest, though bears maintain short-term control.

- Long-term cup-and-handle formation on monthly charts hints at $8,000 potential by 2028, contingent on overcoming immediate $3,800-$4,000 barriers.

Ethereum (ETH) continues to face headwinds as it remains below the $3,800 level, a key psychological and structural barrier that has repeatedly repelled bullish attempts. Traders and analysts are closely watching whether ETH can regain control and push beyond this level, potentially setting the stage for a move toward $4,000 and beyond. The current price of ETH hovers near $3,639, with the breakdown from a rising wedge confirming a weakening structure and tilting the near-term outlook to the downside [1].

Technical indicators suggest that the $3,800 level acts as a strong resistance, with liquidity sell walls clustered between $3,900 and $4,000 according to a liquidity heatmap from TedPillows via Coinglass. This accumulation of sell pressure serves as a major obstacle for any bullish continuation. As long as ETH remains below $3,800, the price structure remains vulnerable to further declines [2]. The key support levels to monitor are $3,147 and $2,900. A confirmed drop below $3,147 could lead to a deeper correction toward the $2,900 demand zone, signaling a breakdown in the short-to-mid-term trend [3].

Despite the bearish pressure, there are hints of a potential reversal emerging. The ETH/USDT and ETH/USD charts have shown

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defending the $3,400–$3,500 zone, a former breakout level now acting as a support. The formation of a double bottom pattern suggests that a sustained rebound could attract follow-through buying, especially if volume increases on the next attempt to reclaim $3,800 [4].

Crypto analysts like CryptoPatel have emphasized the importance of a clean retest of the trendline following the breakdown, indicating that until ETH reclaims $3,800, the trajectory remains tilted downward [5]. On the other hand, a breakout above $4,000 could reverse sentiment and open the door to $4,300–$4,500 levels, mirroring a previous rally pattern in early July [6].

Looking at a longer time horizon, a monthly ETH/USDT chart reveals a potential cup-and-handle formation. If ETH can cleanly break above $4,000 with strong volume, it could signal the start of a multi-year bullish trend, with some analysts projecting a move toward $8,000 by 2028 [7]. However, this long-term scenario is contingent on first overcoming the immediate technical hurdles at $3,800 and $4,000.

The next few days will be crucial in determining whether the bulls or bears control the short-term direction of ETH. A sustained move above $3,800 could reignite optimism, while a decisive breakdown below $3,147 could deepen the correction and prolong the bearish phase. Investors are advised to closely monitor key levels and volume patterns as Ethereum remains in a critical consolidation phase [8].

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Sources:

[1] ETH Struggles Below $3,800, Can it Reclaim Momentum for $4K+ Push? (https://cryptofrontnews.com/eth-struggles-below-3800-can-it-reclaim-moment/)