Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Ark Invest Boss Scoops $16-M More In BitMine Stock

August 29, 2025

21Shares launches Hyperliquid ETP on Swiss Exchange amid surging DeFi volumes

August 29, 2025

Gumi $17M XRP acquisition aims to boost financial operations

August 29, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Ether could dip below $3,400 after retesting the $3,730 resistance; Check forecast

0
By Aggregated - see source on August 6, 2025 Crypto News
Share
Facebook Twitter LinkedIn Pinterest Email

Key takeaways

  • ETH is down nearly 2% and now trades around $3,600.
  • The second-largest cryptocurrency by market cap could drop below $3,400 if market conditions remain bearish.

Ether fails to stay above $3,700 as market correction continues

Ether, the second-largest cryptocurrency by market cap, lost 2% of its value over the last 24 hours. The negative performance comes as Ether failed to take out the $3,730 resistance and briefly dropped below $3,600.

At press time, Ether is trading at $3,620 and could drop lower if the market conditions remain bearish. The bearish performance also comes despite Ether ETFs recording inflows of $73.22 million on Tuesday, likely driven by the SEC’s guidance on staking activities not being securities offerings.

Nate Geraci, president of NovaDius Wealth Management, explained that the guidance has cleared the last hurdle, stopping the market regulator from approving spot ether ETFs with staking.

Ethereum retests its daily resistance at $3,730, could drop below $3,400

The ETH/USD 4-hour chart remains bullish as Ether has defended its price above $3k over the last few weeks. On Tuesday, Ether faced rejection from its daily resistance level at $3,730 and declined by more than 3%. 

At the time of writing on Wednesday, it continues to trade in red at around $3,620. The technical indicators suggest a weakening bullish momentum, which could see the price drop further in the near term. 

ETH/USD 4H Chart

If that happens, ETH could drop below the $3,400 low created over the weekend. An extended bearish run could result in Ether retesting the valid trading range around $3,077 for the first time since July 14.

The RSI of 53 suggests a weakening bullish momentum, while the MACD continues to hold a bearish crossover and supports the correction thesis. If the RSI remains above 50, the bulls could regain control of the market and push ETH above the daily resistance at $3,730 in the coming hours or days. Ether could also extend the recovery toward its next key resistance at $4,000.


Share this article

Categories

Tags

Credit: Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

21Shares launches Hyperliquid ETP on Swiss Exchange amid surging DeFi volumes

August 29, 2025

Start Earning From Cloud Mining Today: A Short Guide to 8 Profitable & Legal Cloud Mining Sites

August 29, 2025

Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination

August 29, 2025
Leave A Reply Cancel Reply

What's New Here!

Ark Invest Boss Scoops $16-M More In BitMine Stock

August 29, 2025

21Shares launches Hyperliquid ETP on Swiss Exchange amid surging DeFi volumes

August 29, 2025

Gumi $17M XRP acquisition aims to boost financial operations

August 29, 2025

StreamDataX: Unlocking Data Ownership, Trust, and Value Through Decentralization

August 29, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.