Technical analysis by olliecoughland about Symbol ETH on 8/29/2025

Market showing signs of weakening here tbh.. Potential for a sweep of 4k and even retesting 2.618 down at 3.5k Over all bullish bias unless 3.5k is lost comprehensively but the volume of eth being purchased by institutions (announced already) is significant so I dont think we break down fully from here But wider market forces also sugges a consodildatory period until the next Sept fomc.