Forecast for Ethereum (ETH) Valuation on August 4
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In the cryptocurrency market on August 3, 2025, Ethereum (ETH) and Cardano (ADA) were under the spotlight.
According to the latest U.TODAY-related analysis, Ethereum experienced a price dip below $3,450, losing about 5.04% that day, hovering near $3,400. Despite this decline, the $3,400 support level held, and analysts indicated that if this support remains intact, ETH could attempt a rebound potentially reaching the $3,800–$4,000 range soon. However, a confirmed close below the $3,368 SuperTrend support would signal increased bearish momentum and threaten this outlook.
Key resistance levels to watch include the immediate support around $3,400 and the rally target zone near $3,800 to $4,000. The technical structure and on-chain fundamentals still suggest a bullish potential, provided the support does not break decisively. If the daily bar for Ethereum closes around current prices, there is a high chance of a test of the $3,700 mark soon.
Meanwhile, Cardano (ADA) is currently experiencing an upward move after a bullish closure. The predicted zone for Cardano if bulls hold the initiative is $3,800. From a midterm perspective, the more likely scenario for Cardano is sideways trading within the range of $3,500-$3,800. However, no long-term predictions can be made for Cardano from the current midterm point of view.
On the hourly chart, the rate of Ethereum is rising after a resistance breakout. At press time, Ethereum is trading at $3,650. The market is currently green, as indicated by CoinMarketCap, with Ethereum being one of the top gainers today, with a rise of 3.89%. The current green market status and the rise of Ethereum as a top gainer today are not directly related to the information in this paragraph.
It's important to note that the volume of Cardano (ADA) is falling, which could indicate a potential slowdown in the bullish momentum. Nonetheless, both Ethereum and Cardano continue to show potential for growth in the near future, given the current market conditions.
In conclusion, while Ethereum is attempting a recovery from its dip at the $3,400 support, aiming for a bounce back up to the $3,800–$4,000 resistance cluster if market sentiment improves and support holds, Cardano is currently in an upward move, with a predicted zone of $3,800 if bulls hold the initiative. However, from a midterm perspective, the more likely scenario for Cardano is sideways trading within the range of $3,500-$3,800.
- The cryptocurrency market has shown a bullish potential, especially for Ethereum (ETH) and Cardano (ADA), as both digital assets have been under the spotlight for finance enthusiasts and investors.
- Despite the price dip of Ethereum below $3,450, analysts predict that it could attempt a rebound, potentially reaching the $3,800–$4,000 range if the support level remains intact.
- On the other hand, Cardano (ADA) is currently experiencing an upward move, with a predicted zone of $3,800 if bulls hold the initiative, although the more likely scenario for Cardano is sideways trading within the range of $3,500-$3,800 from a midterm perspective.
- In the realm of technology and finance, investing in cryptocurrencies, such as Ethereum and Cardano, offers opportunities for gains, with their prices subject to fluctuation based on market sentiments and on-chain fundamentals.
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