Ethereum experienced a 10% pullback between July 31 and August 2, returning to the $3,000 support level for the first time since July 8. The move far outpaced the overall cryptocurrency market, which fell 6.8% over the same period. However, Ethereum futures unpositioned squaring contracts still rose to their highest level in seven months, leading traders to speculate on whether the next move could be up to $3,600.