Technical analysis by MR_gold2 about Symbol ETH on 8/3/2025

A Technical analysis: • A strong correction occurred after a sharp wave of climb that arrived near 3,900 dollars. • The price is currently at 3,488 after a bounce of a bottom near 3,400. • The decline broke sub -support areas and is now in a possible test for major support areas around 3,400 - 3,300. 🔹 Wave analysis: • The shape indicates that we may have completed: A fifth emerging driving wave at the last summit (wave (5)). The current descending movement can be the beginning of ABC correction. • • If the A wave is over at 3,400, the wave B may restore the price to 3,600 - 3,700, before the wa wave of 3,200 or less. 🔹 Time analyst: • The correction started with the entry of August, which is a traditional time for a temporary slowdown in the market. • The time cycle indicates the possibility of continuing correction for days before resuming the rising track. 🔹 Digital analysis: • The price is bounced from an area close to digital support 3,400. • Digital support levels: 3,300 - 3,200. • Nearly digital resistance at: 3,600 - 3,750. 🔹 Basic analysis: • There is no negative news directly on Ethereum, but: ◦ General pressure on the market due to the decline in stock markets and digital currencies. المریة The risk of lifting or installing American interest affects high -risk assets. • • On the other hand, awaited technical updates for the ETH network or future ETF orientations. 🔹 Prayers Action: • sharp gross candles and then try to bounce. • There are no strong reflex candles yet (such as English or PIN bar ascending). • The RSI index bounced from the level of 30-35, indicating the possibility of a temporary bounce. 🔹 Recommendation: 🔻 The main scenario currently: continuous average correction. 1✅ The opportunity to sell short speculation: ◦ From regions: 3,600 - 3,650 ◦ Goals: 3,400 then 3,200 ◦ Stop loss: above 3,720 2 3✅ A chance to buy a conditional speculation: When the appearance of an emerging reflexive candle from 3,300 - 3,200 ◦ Goals: 3,500 then 3,700 ◦ Stop loss: Under 3,100 4 For more, organize the link to Telkram under the link https://t.me/ihab90gold