[Emergency Market Update on August 3] Key support and rebound strategies after BTC/ETH plummet
#ETH
📌 Latest market dynamics (as of August 3, 2025)
BTC: Current price $112,968 (24-hour decline 2.07%), broke through $113,000 key support, lowest hit $112,584 1.
ETH: Current price $3,396 (24-hour decline 3.76%), briefly fell below $3,400 before a slight rebound 58.
Market sentiment:
$900M long liquidations, shorts dominate short-term trends 1.
ETH/BTC exchange rate fell to 0.03042 (24-hour decline over 2%), indicating short-term weakness of ETH 8.
📈 Key points and trading strategies
1. BTC (Bitcoin)
Support level:
$112,000 (psychological barrier) → If broken, may test $111,000-$110,000 7.