After rising above $3,800 in July, Ethereum price is consolidating just below a key supply zone that previously triggered steep rejections. The Ethereum price today is holding steady around $3,692, with buyers attempting to re-establish short-term dominance near a local demand zone. The key question now is whether bulls can sustain this strength and retest the $4,000 mark.
Ethereum Price Forecast Table: August 8, 2025
Indicator/Zone | Level / Signal |
Ethereum price today | $3,692 |
Resistance 1 | $3,733 (Bollinger Band ceiling) |
Resistance 2 | $3,880 (prior high) |
Resistance 3 | $4,092 (major supply zone) |
Support 1 | $3,630 (EMA cluster) |
Support 2 | $3,529 (EMA100) |
Support 3 | $3,400 (rising trendline base) |
RSI (30-min) | 58.45 (neutral-bullish) |
MACD (4H) | Weakly bullish |
Supertrend (4H) | Bullish above $3,489 |
VWAP (30-min) | $3,679 (price slightly above) |
Netflow (Aug 7) | +$49.05M (bullish inflow) |
DMI (14) | +DI leads, low ADX (watch trend) |
What’s Happening With Ethereum’s Price?
On the daily chart, ETH continues to respect its aggressive uptrend, which started from the April low near $1,800. Price remains supported above a rising trendline that intersects around $3,400, while the broader structure reveals a strong recovery rally that cleared historical resistance near $3,000.
Currently, Ethereum is trading just under the $3,730 level which is a horizontal barrier that aligns with previous highs formed during March 2025. Price action has been compressing below this zone over the last few sessions, forming a minor consolidation range between $3,650 and $3,730.
From a Smart Money Concepts perspective, ETH is positioned just beneath a liquidity-rich supply zone that rejected price back in January. A clean Break of Structure (BoS) occurred earlier this month, but a Change of Character (CHoCH) on the daily chart now reflects short-term hesitation.
Why Ethereum Price Going Down Today?
The reason why Ethereum price going down today lies in short-term exhaustion just beneath macro resistance. Despite a temporary breakout last week, ETH faced rejection around $3,800 and retraced toward the mid-$3,600s. However, this decline lacked aggressive volume, and structure remains intact.
The 4-hour Bollinger Bands are compressing around $3,695, while candles show upper wicks, indicating hesitation from buyers. The 20/50/100 EMAs (currently at $3,630, $3,688, and $3,529 respectively) are stacked below price, confirming that momentum still leans bullish. That said, Ethereum must clear the $3,733 upper Bollinger Band with conviction to reinitiate upside flow.
On the 30-minute chart, ETH is consolidating slightly above its VWAP band ($3,679), with RSI hovering near 58.45. The neutral RSI and narrow VWAP bands suggest a coiled structure that could break either way, though recent price spikes have found resistance just above the $3,700 handle.
Supertrend, DMI, and Inflows Signal Cautious Bullishness
The 4-hour Supertrend indicator has flipped back to bullish after holding above $3,489. While the recent bearish flip was short-lived, buyers now need to confirm this renewed signal with a strong push through $3,730.
Directional Movement Index (DMI) values show +DI (19.70) leading -DI (18.89), and the ADX line (13.32) remains low, indicating trend strength is still developing. A sustained crossover with rising ADX would confirm directional expansion.
Meanwhile, Ethereum spot inflow/outflow data offers a positive cue. As of August 7, ETH saw a net inflow of $49.05 million, a notable uptick after weeks of outflow dominance. This inflow corresponds with the bounce off $3,655, hinting that institutional or smart money may be re-entering around this accumulation zone.
ETH Price Prediction: Short-Term Outlook (24h)
Ethereum price is compressing within a range bordered by $3,650 and $3,733. If bulls can push price decisively above the $3,733 resistance with volume, ETH could quickly target $3,880 and eventually $4,092 which is the major supply ceiling visible on the daily chart.
However, failure to clear this level risks dragging ETH back toward $3,630 support. A break below that would expose $3,529 (EMA100) and potentially test the rising trendline near $3,400.
Given the current consolidation structure, RSI posture, inflow data, and Supertrend flip, the setup leans bullish, but requires confirmation. Traders should watch for price action and volume follow-through above $3,733 to gauge continuation potential.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.