Ethereum Crash to $3.5K: What ETH Coin Needs to Avoid a Deeper Fall

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Cryptoticker2025/08/02 17:30

By:Cryptoticker

What Triggered the Ethereum Crash?

Ethereum mirrored Bitcoin’s rejection , sliding from the $3,800–$3,900 zone after failing to generate new momentum. The Fed’s unchanged rate stance disappointed risk-on investors, and ETH lost over 4.6% in 24h, now testing the $3.5K support level.

ETH Coin Price Chart Breakdown

ETH/USD 4-hours chart - TradingView

ETH broke below both the 9 and 21 EMA, signaling trend weakness
Horizontal support at $3,530 is being tested
RSI at 29.50, suggesting short-term exhaustion
Clear rejection from $3,800 zone, now a strong resistance

What to Watch Next for ETH

If $3,500 fails, look for support near $3,200, which was a previous accumulation zone.
Bulls need a strong push back toward $3,739–$3,800 to recover the uptrend.
A continued drop in Bitcoin could send ETH below $3.2K.

Watch ETH/BTC ratio – if ETH continues underperforming, it might signal broader altcoin weakness.

$ETH, $Ethereum

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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