Ethereum (ETH) Price Prediction for August 6
Main Idea
Ethereum's price is currently holding near $3,634.40 after a rebound, facing resistance at $3,720 and showing signs of weakening momentum due to technical factors and profit-taking.
Key Points
1. Ethereum's price rebounded to $3,634.40 but stalled at $3,720 due to Bollinger Band resistance and the 20 EMA cap.
2. Key resistance levels include $3,720 (Bollinger upper band) and $3,850 (supply zone), while support levels are at $3,624 (50 EMA), $3,576 (100 EMA), and $3,360 (200 EMA).
3. The 30-minute RSI at 43.73 indicates fading strength, and the DMI ADX at 18.96 shows weak trend formation.
4. Heavy exchange outflows of $122.70M suggest profit-taking, contributing to the price decline.
5. Critical support levels to watch are $3,590-$3,624 for potential upward movement and $3,576-$3,360 for downside risks.
Description
After reclaiming the $3,600 level in a sharp two-day recovery, the Ethereum price today is holding near $3,634.40. The rebound, however, stalled near $3,720, where ETH encountered both Bollinger Band resistance and the 20 EMA cap. With on-chain outflows mounting and intraday momentum softening, traders are watching closely to see whether ETH can hold the $3,590 to $3,624 support zone. Ethereum Price Forecast Table: August 6, 2025 Indicator / Zone Level / Signal Ethereum price today $3,634.40 Res...
Latest News
- Over 1,000 Devs on Its Devnet, Cardano’s Midnight Shows Early Traction2025-08-05 13:40:52
- Weekly On-Chain Report (July 28 – Aug 3): Whales Bought $4.4 Billion in BTC and ETH as Retail Panicked2025-08-05 12:56:45
- Ethereum (ETH) Price Prediction for August 62025-08-05 12:05:50
- On-Chain Data Reveals the Real Driver of PUMP’s 11% Rally: Whale Buys2025-08-05 11:45:56
- KuCoin Cements Innovation Hub Status with Premiere Listing of Succinct (PROVE)2025-08-05 11:12:06