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Today Technical Analysis: Ethereum Breaks $4,300, Gold Faces Bearish Pressure, GBPUSD Targets 1.35

August 11, 2025, 07:08
Ethereum Breaks $4,300, Gold Faces Bearish Pressure, GBPUSD Targets 1.35

Ethereum Technical Analysis

Ethereum continues its strong uptrend as it broke above $3,400. The price has been consistently moving above all key moving averages, with the MA 30 providing solid support. The hourly chart shows consolidation near the recent highs, but the overall trend remains decisively upward.

Price might see a bearish correction toward $4,200, before continuing up, a normal price action during uptrend movements.

A breakout above $4,350 would likely extend gains toward the $4,400–$4,500 range, as buying pressure holds.

ETHUSD 1H Chart

ETHUSD 1H Chart 11-8-2025
Resistance$4,349$4,375$4,400
Support$4,285$4,251$4,188

Gold Technical Analysis

Gold is currently trading at $3373, with the hourly chart showing a retracement from the recent swing high from last week. Price has broken below short-term moving averages (MA 5 and MA 10), and the MA 30 is now acting as a near-term resistance. The three moving averages show bearish alignment.

MACD is currently below zero level, with both the MACD line and the signal line trending downward, indicating bearish momentum. This downside move follows a failed attempt to sustain above the $3,400 level, which suggests that sellers have regained control in the short term.

Breaking below support level $3,349.92 could open the way for further declines.

Gold (XAUUSD) 1H Chart

Gold (XAUUSD) 1H Chart 11-8-2025
Resistance$3,390$3,410$3,425
Support$3,367$3,357$3,349

GBPUSD Technical Analysis

The British Pound is currently maintaining a strong bullish structure since bouncing from 1.3259 earlier in the week. The hourly chart shows higher highs and higher lows, and prices are moving above all three moving averages (MA 5, MA 10, and MA 30). This is a sign of healthy sustained buying pressure.

MACD is turning positive and trading above the zero level. Momentum remains strong, and the pair is heading towards 1.3500 psychological resistance level. A break above this could push price toward the next resistance zone near 1.3588

GBPUSD 1H Chart

GBPUSD 1H Chart 11-08-2025
Resistance1.35001.35471.3605
Support1.34371.34181.3403
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