Technical analysis by trading_mura about Symbol ETH on 8/8/2025

The price managed to hold above the weekly pivot point, triggering growth according to the bullish (green) scenario. At this point, the price has reached the first two targets and set a new local high. However, it is now in a resistance zone, and only 4% remains before breaking a key level. If the 4,116 level is broken, the path toward 4,600 will open, potentially leading to a new ATH. But if the price breaks below 3,736 , the bearish (orange) scenario is likely to play out, and the price may start to decline.