Ethereum Risks Declining below Its Critical $3,500 Low

Ethereum (ETH) Current Statistics

The current price: $3,504.20
Market Capitalization: $422,859,656,494.59
Trading Volume: $37,433,366,161.57
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis August 2, 2025

Ethereum’s (ETH) price is expected to fall further as it falls above the critical $3,500 support level. Following a drop below the 21-day SMA, selling pressure has weakened above the crucial $3,500 support level. However, if Ether recovers above the critical support level, buyers will drive the price back to the $4,000 psychological threshold. The bullish momentum will continue to the high of $4,094.

If the bears breach the $3,500 key support, Ether will fall to a low of $2,900, which is the 50-day SMA support. Meanwhile, Ether is trading below the 21-day SMA barrier, but above the 50-day SMA support. The current value of Ethereum is $3,497.

ETH Technical Indicators Reading

The cryptocurrency price has dropped between the moving average lines. The largest altcoin will be compelled to move in a range between the moving average lines. Ether will fall if it is further rejected at the 21-day SMA barrier. Ether’s bullish ascent will resume whenever it breaks above the 21-day SMA barrier.

Conclusion

Ethereum declines above its critical $3,500 support level. On July 29, a retraced candle body approached the 38.2% Fibonacci retracement line. The correction candlestick predicts that Ether will fall to the 2.618 Fibonacci extension, or $3,398.26.

In the meantime, the Ether price has decreased but remains above the $3,450 support. The crypto signal is unfavorable, as the altcoin trades in a bearish trend zone.

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