Ethereum price prediction: Pullback holds above $3,645 as outflows rise and trendline stays intact
Ethereum (ETH) is trading close to $3,645.92, slipping 2 percent intraday as the market digests recent gains. The pullback follows a test of the $3,720 to $3,750 resistance area, which prompted some profit-taking from short-term participants.
Highlights
- Ethereum trades near $3,645 after rejection at $3,720 while holding above key support at $3,545
- $112.67 million in net outflows recorded on August 5, suggesting long-term accumulation
- DMI indicator signals cooling momentum but structure remains bullish above $3,200
Despite the minor retreat, ETH price remains above its 20-day EMA ($3,543) and continues to follow the broader ascending trendline from April, maintaining its bullish trajectory. Technical signals point to a cooling phase rather than a breakdown. The Directional Movement Index (DMI) now shows convergence between the +DI and -DI lines, suggesting fading bullish momentum.
ETH price dynamics (Source: TradingView)
Immediate support is found around the $3,545 to $3,600 area, while stronger demand is expected near $3,200, where the 50-day EMA ($3,195) aligns with a prior breakout level.
On-chain flows show reduced exchange supply
Ethereum's recent on-chain activity continues to favor a longer-term constructive outlook. On August 5, net exchange outflows reached $112.67 million, indicating that large holders are reducing sell-side exposure and moving assets to self-custody. This behavior is typically associated with accumulation and reduced short-term liquidity.
Such a trend reflects increased confidence from long-term participants. If price can reclaim the $3,700 zone, the path opens toward the $3,900 to $4,092 resistance area. A failure to maintain support at $3,200 could trigger a deeper correction toward the 100-day EMA near $2,880.
As outlined in earlier coverage, Ethereum’s sustained rise above $3,000 marked a structural change in market tone. The bullish trend has held firm through several retracements, supported by strong moving average alignment. The zone between $3,720 and $3,750 continues to act as a cap. A confirmed breakout above this range could extend the uptrend toward $4,000, while maintaining above $3,200 remains essential for bulls in the near term.
Latest Ethereum News
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
