Ethereum Technical Analysis – August 10, 2025

Ethereum (ETH/USD) is currently trading at $4,196, down 1.55% for the day after hitting a recent high of $4,332. Despite today’s red candle, the broader trend remains firmly bullish.

Chart Overview

• Trend: Ethereum has been in a strong uptrend since mid-July, breaking through several resistance levels in rapid succession.
• Current Price Action: The recent surge pushed ETH above the $4,000 psychological level, but today’s candle shows a pullback from the highs.
• Volume: A notable spike in trading volume accompanied the breakout above $4,000, suggesting strong participation from buyers, though today’s lower close hints at some profit-taking.

Key Levels

• Resistance:
  • $4,330–$4,350: The recent high and current resistance zone. A breakout here could open the path to $4,500 and $4,800.
• Support:
  • $4,000: Key psychological and technical support level.
  • $3,800: Stronger support zone from the previous consolidation range.

Indicators & Momentum

• Trend Strength: Price action is still above recent consolidation highs, indicating that the uptrend is intact.
• Short-Term Weakness: The current red candle after a strong rally signals a possible short-term correction or consolidation before the next move higher.
• Potential Pullback Zone: If the $4,000 level fails to hold, ETH may retest $3,800 before resuming upward momentum.

Expectations

• Bullish Scenario: If ETH holds above $4,000 and regains upward momentum, a breakout above $4,350 could send the price toward $4,500–$4,800 in the short term.
• Bearish Scenario: Failure to maintain $4,000 support could lead to a deeper retracement toward $3,800, possibly slowing the rally.

Outlook: Cautiously bullish – the trend is still up, but the current pullback suggests the market may need a brief consolidation before attempting another breakout.