Ethereum price has extended its recovery, climbing from the August 5 low near $3,450 to test the $3,950 zone. This rally broke above a descending structure and retested the $3,708 support-turned-resistance level, which now serves as a launch point for the current push.
On the 4-hour chart, ETH is holding above all major EMAs. The EMA20 at $3,749, EMA50 at $3,686, and EMA100 at $3,623 are now stacked bullishly below price. This alignment supports continuation as long as $3,800 holds as near-term support.
Bollinger Bands have widened, indicating volatility expansion, while price rides the upper band, a sign of sustained bullish momentum. The breakout has also pushed ETH back above its broader trendline from July, re-establishing a higher-high structure.
Ethereum Price Forecast Table: August 9, 2025
| Indicator/Zone | Level / Signal |
| Ethereum price today | $3,918 |
| Resistance 1 | $3,950 |
| Resistance 2 | $4,100 |
| Support 1 | $3,800 |
| Support 2 | $3,749 |
| EMA20 / EMA50 / EMA100 (4H) | $3,749 / $3,686 / $3,623 (Bullish) |
| Bollinger Bands (4H) | Expanded, trend intact |
| RSI (30-min) | 59.7, cooled from overbought |
| MACD (30-min) | Positive, mild contraction |
| VWAP (30-min) | $3,918 pivot |
| Open Interest | $52.69B (+11.98%), long bias |
| Supertrend (1D) | Bullish above $3,387 |
| Key Fib Level | $4,106 resistance |
Why Is The Ethereum Price Going Up Today?
The rise in Ethereum price today is driven by both technical and derivatives market tailwinds. Technically, the breakout above $3,708 signaled a shift back to buyer control after a week-long pullback. This triggered fresh long positioning and buy-stop activation above $3,800.
In the derivatives market, trading volume jumped nearly 70 percent to $122.34 billion, with open interest climbing 11.98 percent to $52.69 billion. Binance’s top trader long-to-short ratio is at 3.03, underscoring a strong long bias among high-volume traders. Options volume also surged over 131 percent, indicating aggressive bullish positioning ahead of a potential breakout toward $4,100.
On the 30-minute chart, RSI sits near 60 after cooling from overbought territory, allowing for further upside without immediate exhaustion. MACD remains in positive territory despite a mild histogram contraction, showing bullish momentum is still present.
Price Indicators and Market Structure
The weekly chart highlights a key resistance zone at $4,106, which aligns with the 1.0 Fibonacci extension from the 2021 highs. A break above this level could open the door toward the $5,070 and $5,788 Fibonacci targets.
Daily Supertrend levels remain firmly bullish above $3,387, with no reversal signals in sight. The DMI shows +DI leading -DI, supported by a rising ADX above 32, confirming a trending market.
VWAP on lower timeframes is anchored near $3,918, acting as a key intraday pivot. As long as ETH holds above this zone, the path of least resistance remains upward.
Ethereum Price Prediction: Short-Term Outlook for August 9
Over the next 24 hours, Ethereum price will need to maintain above $3,800 to preserve the bullish structure. A clean breakout above $3,950 to $3,960 could quickly lead to a retest of $4,100, which is the most significant resistance before higher targets come into play.
If bulls fail to sustain momentum and price dips below $3,800, a pullback toward $3,749 (EMA20) and $3,708 support could occur. However, given the EMA alignment, expanding Bollinger Bands, and derivatives positioning favoring longs, the probability remains tilted toward another breakout attempt.
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