Ethereum is ending the trading week with a bullish correction. The ETHUSD price is trading near 1852. Moving averages indicate a bearish trend for ETH/USD. Prices have broken below the signal lines, indicating growing selling pressure and potential continued decline from current levels. Currently, we expect an attempt at a bullish price correction and a test of the resistance level near 2035. From there, we expect another downward rebound and continued decline in the price and Ethereum, with a potential target below 725 as part of the weekly price forecast.
Ethereum Forecast ETH/USD August 3 – 7, 2026
An additional signal favoring a decline in ETH/USD quotes during the current trading week (August 3 – 7, 2026) will be a test of the descending resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 2475 would cancel out the downward trend in the cryptocurrency this trading week. This would indicate a breakout of the resistance area and continued growth in ETH/USD quotes, with a potential target above 3575. A breakout of the support area and a close below 1735 would confirm a decline in Ethereum.
Ethereum Forecast ETH/USD August 3 – 7, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 2035. From there, a downward rebound and continued decline to below 725 should be expected. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of a decline in the Ethereum price. The decline scenario would be cancelled if the pair were to rise strongly and break above the 2475 area. In this case, we should expect continued growth with a target above the 3575 area.
