Forecast for Ethereum (ETH) Prices on August 6th
In the realm of cryptocurrency, the price of Ethereum (ETH) is currently under the spotlight. As of press time, Ethereum is trading at $3,625, according to the latest data[1].
Denys Serhiichuk, a respected analyst, has provided a midterm outlook for the price of Ethereum (ETH) in an article published on August 5, 2025. According to Serhiichuk's prediction, the predicted price range for Ethereum (ETH) by the end of the week is between $3,400 and $3,800[1]. This prediction is based on the current market conditions, which show a predominantly bullish trend according to CoinMarketCap[1].
The analysis expects sideways trading within this range if the market conditions remain the same. Low volume, indicating a lack of significant buying or selling pressure, suggests that sharp moves are unlikely over the next few days[1]. However, if the buyers' pressure continues, there is a likely chance of a test of the upper level by tomorrow for ETH[1]. It's important to note that the article does not predict a significant test of the upper level by tomorrow for ETH[1].
It's also worth mentioning that the price of ETH has rebounded from the local support of $3,570[1]. On the hourly chart, the price of ETH is currently rising[1].
As always, it's crucial to remember that price predictions should be taken as a guide rather than definitive statements. The world of cryptocurrency can be volatile, and market conditions can change rapidly. For the most accurate information, it's always a good idea to keep up with the latest news and analysis.
[1] Source: U.Today article by Denys Serhiichuk, August 5, 2025.
- Denys Serhiichuk's midterm outlook for Ethereum (ETH) suggests that the price may fluctuate within a range of $3,400 to $3,800, as published in an article on August 5, 2025.
- The current market conditions, as shown by CoinMarketCap, indicate a predominantly bullish trend for altcoins, including Ethereum (ETH).
- Meanwhile, the trading of Ethereum (ETH) is influenced by technology, as the price of ETH has rebounded from a local support of $3,570, indicating its resilience and potential for further growth.
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