Ethereum (ETH) is experiencing a volatile phase in August 2025 with temporary declines. The current price is around $4,650–$4,700, about 1% lower than the previous day. Short-term forecasts indicate further fluctuations, with chances for a recovery and possible increases above $5,000 by the end of August.

The main reasons for the current pullback are:

• Profit-taking after a strong previous rise

• Selling pressure in futures, negative funding rates, and reduced trading activity, indicating a short-term bearish sentiment

• Competition from other layer-1 blockchains with faster, cheaper transactions

• Macroeconomic uncertainties and regulatory factors

Technical supports are preventing a stronger crash so far. Institutional investors continue to buy heavily, for example through ETH ETFs, which supports the price in the medium term.

Overall, this is more of a normal correction within an overarching upward trend than a sustainable price crash. The fundamentals such as network activity and institutional demand remain positive, which suggests rising prices in the medium term. However, a deeper slide below key support areas is technically not ruled out.

Important observation points in the coming days are trading volume, funding rates, and competitive developments of other blockchains. Bottom line: Short-term volatility, medium-term optimism with potential for new yearly highs if sentiment stabilizes and buying pressure continues. $ETH