Instrument: ETHUSD
Timeframe: Daily
Date: August 4, 2025
Analysis:
ETH fell 7.9% to $3,500 from $3,800, testing support after failing to break its high. The hawkish FOMC and rising BTC.D (62%) pressured altcoins. I entered the dip on $3,500, as shared on X and my previous report
Chart Setup:
Support: $3,500
Resistance: $3,600, $3,800
Timeframe: Daily
Date: August 4, 2025
Analysis:
ETH fell 7.9% to $3,500 from $3,800, testing support after failing to break its high. The hawkish FOMC and rising BTC.D (62%) pressured altcoins. I entered the dip on $3,500, as shared on X and my previous report
Chart Setup:
Support: $3,500
Resistance: $3,600, $3,800
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.