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You are here: Home / Cryptocurrency News / Ethereum Price Nears $3,300 Support as Rebound or Deeper Drop Looms

Ethereum Price Nears $3,300 Support as Rebound or Deeper Drop Looms

By Bena Ilyas | Edited By Ammar Raza,August 3, 2025, 4:23 AM

Ethereum
  • Ethereum approaches the $3,300 support zone, with potential for a sharp rebound or deeper correction.
  • Van de Poppe sees a 70% chance of stabilization above $3,300 and a 30% chance of a dip to $3,000–$3,100.
  • Strong buy demand and stop-loss clusters below $3,300 could trigger a swift reversal.

Ethereum (ETH) could be on the verge of an explosive reversal, potentially setting up one of the best buy-the-dip opportunities of 2025. Popular crypto analyst Michaël van de Poppe has identified a key support zone that could determine ETH’s trajectory over the next couple of months.

At the time of writing, Ethereum is priced at $3,415, with 24-hour trading volume at $46.35 billion, a market cap of $419.90 billion, and a market dominance of 11.42%. The ETH price decreased by -4.26% over the last 24 hours, following successive lower highs and a minor correction that began last week.

Source: CoinMarketCap

Van de Poppe noted that the retracement had largely been anticipated, triggered by short-term bearish divergence spotted across several technical indicators.

Next up is the $3,300 support level, a price zone van de Poppe believes could serve as a strong foundation from which to rally. “If Ethereum stays above $3,300, we could be looking at a swift bounce and continuing macro uptrend,” he said in his latest market analysis.

Source: X

However, van de Poppe also cautioned that geopolitical tensions and a general risk-off sentiment could trigger further downside. If selling pressure intensifies, the $3,000 to $3,100 region may provide an alternative accumulation zone, which he referred to as a “golden entry” for long-term buyers.

Also Read | Ethereum Never Went Down in 10 Years: Vitalik Says It Never Should

Ethereum Price Consolidates Within Key Support Zone

Van de Poppe’s technical analysis outlines a dual-scenario framework: a 70% chance Ethereum reaches support and stabilizes at $3,300–$3,350, and a 30% chance it drops to the $3,000–$3,100 region and reverses.

On-chain liquidity metrics indicate strong buy demand and concentrated stop-loss orders just below $3,300, a setup that could trigger a rapid rally if those levels are briefly breached.

A retest of the $3,000 handle would mark one of Ethereum’s steepest corrections since the July high and could be a decisive factor for investors eyeing the next major upward move.

As ETH continues to consolidate within this key range, both institutional and retail investors are closely monitoring price action, waiting for clear signs of either a reversal or further breakdown. The outcome could shape Ethereum’s performance for the rest of Q4 2025 and beyond.

Also Read | Ethereum Price Drops 6.07% Weekly: Can ETH Reclaim $4,000 Soon?

Filed Under: Cryptocurrency News, Ethereum (ETH)

About Bena Ilyas

Bena Ilyas is a Global News Correspondent and Market Analyst at Tronweekly with over four years of experience covering global cryptocurrency, blockchain, and Web3 developments. She has written 1,000+ articles for leading crypto news platforms, reporting on Bitcoin, Ethereum, altcoins, DeFi, and global crypto regulation, alongside Web3 trends, Layer 2 ecosystems, and AI-driven crypto use cases. Her work is based on verified sources and fact-based reporting for global market participants.

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