After a remarkable recovery, Ethereum (ETH) has once again crossed the $3,600 threshold, currently stabilizing at $3,634.40. This resurgence comes after a swift rebound over a two-day span. However, the upward movement met resistance around $3,720, where Ethereum faced the dual challenge of the Bollinger Band resistance and the 20-day Exponential Moving Average (EMA). As on-chain outflows continue to rise and intraday momentum shows signs of waning, traders are paying close attention to whether Ethereum can maintain its position within the $3,590 to $3,624 support range.
Ethereum Price Forecast Table: August 6, 2025
| Indicator / Zone | Level / Signal |
| Ethereum price today | $3,634.40 |
| Resistance 1 | $3,720 (Bollinger upper band) |
| Resistance 2 | $3,850 (supply zone) |
| Support 1 | $3,624 (50 EMA) |
| Support 2 | $3,576 (100 EMA) |
| Support 3 | $3,360 (200 EMA) |
| RSI (30-min) | 43.73 (bearish divergence) |
| Supertrend (4H) | Bullish above $3,497 |
| VWAP (Session) | $3,660.77 (neutral) |
| DMI ADX (14) | 18.96 (weak trend forming) |
| Netflow (Aug 5, 05:30) | -$122.70M (heavy exchange outflows) |
| Monthly Fib 0.236 Level | $3,496.72 (macro resistance zone) |
What’s Happening With Ethereum’s Price?
On the 4-hour chart, Ethereum’s price action exhibits a solid recovery from below the $3,400 mark, buoyed by a dynamic cluster of EMAs, specifically the 100 EMA at $3,576 and the 200 EMA at $3,360. This bullish trajectory reclaimed the lost ground, positioning Ethereum in a favorable spot for further upward movement. Despite the resistance challenges, the long-term outlook remains optimistic, supported by key technical indicators. However, the market’s reaction to the heavy exchange outflows will be crucial in determining Ethereum’s next move.
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