After a sharp rally toward $3,900 in July, Ethereum price has entered a consolidation phase that has formed a symmetrical triangle on the 4-hour chart. With price now hovering near the $3,620 zone, Ethereum price today is nearing the apex of this structure, suggesting that a decisive move may be imminent. Ethereum Price Forecast Table: August 7, 2025 Indicator/Zone Level / Signal Ethereum price today $3,621.71 Resistance 1 $3,700 Resistance 2 $3,900 Support 1 $3,580 Support 2 $3,374 RSI (30-min) 53.13 (Neutral) MACD (4H) Flat, No clear momentum Bollinger Bands (4H) Tightening, volatility incoming Supertrend (1D) Bullish above $3,338 VWAP (Session) Resistance at $3,636 EMA Cluster (4H) 20/50/100/200 Bullish stack DMI (14) Weak trend, ADX at 38.60 Netflow (August 6) -$43.31M (Bearish pressure) What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the 4-hour chart, ETH is currently compressing between rising and descending trendlines, forming a clean symmetrical triangle. This pattern has historically preceded strong directional moves, and with price trading around $3,620, ETH is approaching the decision point. The top of the triangle sits near $3,700, w… The post Ethereum (ETH) Price Prediction for August 7 appeared first on Coin Edition .
