As of August 2, 2025, Ethereum (ETH) is trading at around $2,914, reflecting a slight daily decline of approximately 0.6%. After a strong rebound from July’s lows below $2,800, ETH has been consolidating beneath key resistance at $3,000 as traders weigh macro factors and Ethereum’s own network metrics.
In this article, we will look at ETH next target and also look at eth latest news.
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ETH Next Target
- Current Price: ~$2,914
- 24h Change: −0.6%
- 24h Range: $2,901 – $2,961
- Market Cap: ~$355 billion
- 24h Volume: ~$13.1 billion
- Circulating Supply: ~121.4 million ETH
- Staked ETH: ~31.2 million ETH
Price broke back above 200-day Moving Average, which signaled resumption of Uptrend. It also broke above resistance at $3,000 and $3,450, and could revisit $4,000 from Dec 2024. However, it was very overbought (RSI ¬ 80!) as it approached $4,000 and pulled back as traders took profits.
Let’s see if $3,450 key level holds up and turns from resistance into support. Fundamentally, there’s a potential positive catalyst in 2025: if US regulators allow ETH Spot ETFs to stake Ethereum.
Technical Analysis
- Trend: ETH is attempting to form a higher low near $2,900 after July’s decline. It remains in a neutral-to-bullish pattern on the weekly chart.
- Resistance Levels: $2,950, $3,000, and $3,150
- Support Levels: $2,850 and $2,720
- Indicators: RSI sits around 49, indicating a balanced market. MACD remains slightly bearish but flattening.
- Volatility: ETH’s 7-day volatility index is moderate, suggesting range-bound behavior near-term.
Fundamental Drivers
- ETF Buzz Continues: Spot ETH ETFs in the U.S. are still under SEC review. Anticipation of approval later in 2025 is keeping long-term sentiment positive.
- Staking Impact: Over 25% of ETH remains locked in staking contracts, creating a supply crunch and lowering sell pressure.
- Layer 2 Scaling Growth: Rollups like Arbitrum and Optimism continue to show strong transaction volume, boosting Ethereum’s long-term value narrative.
- EIP-7735: Ethereum developers proposed EIP-7735 to enhance execution efficiency, receiving community interest.
ETH Price Prediction Outlook
- August Range Forecast: $2,750 – $3,200
- September Forecast: If bullish momentum returns, ETH could test $3,400
- Year-End 2025 Target: $3,800 – $4,200 remains a common forecast by analysts.
- Short-Term Sentiment: Neutral
- Medium-Term Sentiment: Moderately Bullish
- Risk Level: Medium.
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