Ethereum (ETH) Price Prediction for August 7

After a sharp rally toward $3,900 in July, Ethereum price has entered a consolidation phase that has formed a symmetrical triangle on the 4-hour chart. With price now hovering near the $3,620 zone, Ethereum price today is nearing the apex of this structure, suggesting that a decisive move may be imminent.

Ethereum Price Forecast Table: August 7, 2025

What’s Happening With Ethereum’s Price?

On the 4-hour chart, ETH is currently compressing between rising and descending trendlines, forming a clean symmetrical triangle. This pattern has historically preceded strong directional moves, and with price trading around $3,620, ETH is approaching the decision point. The top of the triangle sits near $3,700, while the base support has risen toward the $3,530 area.

Price action remains capped below the key $3,780–$3,900 supply zone, which has triggered multiple rejections over the past two weeks. This upper band remains the critical resistance for any breakout attempt. Meanwhile, downside structure holds strong above $3,500, where previous demand and trendline support converge.

Why Is The Ethereum Price Going Down Today?

Why Ethereum price going down today can be attributed to weakening inflows and hesitancy at overhead resistance. According to the latest on-chain spot flow data, August 6 saw a net outflow of $43.31 million, reflecting broader capital withdrawal from exchanges. This coincided with ETH stalling under the $3,650 intraday resistance.

From a technical standpoint, the 30-minute chart shows price trading just below VWAP ($3,636) and short-term upper band resistance. RSI on this timeframe sits around 53, showing a neutral bias with no strong momentum on either side. MACD is also flattening, suggesting price may remain coiled until a clear catalyst emerges.

Furthermore, the Bollinger Bands on the 4-hour chart are narrowing, signaling a likely volatility expansion. ETH remains within a well-defined horizontal channel between $3,520 and $3,800, and the latest bounce from the lower band has so far failed to generate breakout traction.

Bollinger Bands, EMAs and Supertrend Signal A Pause Before Break

The 4-hour Bollinger Bands continue to tighten, reflecting reduced volatility as ETH coils inside the triangle. The price remains near the midline of the band, with upper resistance at $3,727 and lower support around $3,583. A move outside this range, supported by volume, could confirm the next major leg.

The EMA cluster shows a neutral-to-bullish alignment. The 20 EMA sits at $3,601, with the 50 EMA at $3,621, providing dynamic support just below price. The 100 EMA ($3,580) and 200 EMA ($3,374) remain stacked below, reinforcing the medium-term bullish structure.

On the daily chart, the Supertrend remains green and unbroken, with the trailing stop now rising to $3,338. This confirms that ETH is still technically in an uptrend, although the trend has flattened as bulls hesitate below macro resistance.

The DMI indicator reflects reduced trend strength. While +DI (26.02) is still above -DI (15.63), the ADX has dropped to 38.60 from recent highs, suggesting weakening momentum in either direction.

Ethereum Price Prediction: Short-Term Outlook (24H)

ETH is at a pivotal juncture. A breakout above $3,700 with strong volume could push Ethereum price toward $3,850 and retest $3,900, the high from late July. Clearing this level would open a move toward $4,100, which also aligns with the macro descending resistance from the 2021 peak.

On the downside, failure to hold $3,580–$3,600 may invite a retest of $3,500 and even $3,374 (the 200 EMA on the 4H). A decisive break below the triangle could deepen the correction toward $3,200, followed by the golden pocket at $3,067 based on the weekly Fibonacci retracement.

Given the compressed volatility, neutral RSI, narrowing Bollinger Bands, and capital outflows, the next 24 hours are likely to bring a breakout or breakdown. Traders should watch the $3,700 and $3,580 boundaries for direction confirmation.