Quick overview

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Ethereum (ETH) is at a turning point in its price trend for this year. Technical indicators and institutional activity suggest a strong possibility of a sustained breakout above $4,000, particularly as the cryptocurrency approaches $4,200 on August 9, 2025. For traders with short to medium-term perspectives, this is a critical moment to evaluate strategic entry points and capitalize on the emerging bullish momentum.

The Relative Strength Index (RSI) currently stands at 69.15, placing it in a neutral-to-overbought zone, which suggests that upward momentum is strong without immediate signs of exhaustion. Additionally, the MACD line is at 185.53, positioned above the signal line at 183.83, and the positive histogram shows a value of 1.70, confirming a bullish MACD setup.

Binance maintains a strong bullish stance, as indicated by a long-to-short ratio of 3.03. Open interest has risen to $52.69 billion, a 12% GAIN. Moreover, options volume has surged by 131%, with traders anticipating a breakout at $4,200. These indicators suggest that the market is ready for a strategic shift.

 

However, traders should remain cautious despite the overwhelmingly bullish technical signals. A sharp correction toward $3,700 or even $3,650 might occur if prices do not stay above $3,800. Nevertheless, given the current level of institutional accumulation and high futures trading volume, such a decline seems unlikely unless there is a significant change in macroeconomic factors.