Ethereum is entering a decisive two-week battle between bulls and bears. Between August 15 and August 30, price action could either launch ETH to a new milestone above $5,000 — or sink it back toward $4,000. The battleground has been set, and every level matters.
1. Current Battlefront
Current Price: $4,605 (still under PPI-driven selling pressure)
Lifeline: $4,631 — the daily strong/weak pivot
Critical Zones:
Support: $4,500 → $4,400 (break here could trigger a fast crash)
Resistance: $4,720 → $4,870 (break here sets course to $5,000)
2. Bull vs. Bear Weapons
📈 Bullish Ammunition
BlackRock increases ETH holdings by $500M — strong institutional vote of confidence.
Exchange ETH reserves hit a 9-year low, signaling holding over selling.
ETH/BTC exchange rate breaks yearly trendline — bullish signal for altcoin dominance.
📉 Bearish Threats
Federal Reserve delaying interest rate cuts, adding macro pressure.
Heavy $4,800–$5,000 options wall acting as resistance.
3. Ethereum’s 15-Day Price Scenarios
Stage 1: Fluctuation Accumulation (Aug 15–20)
Sideways trade between $4,500–$4,720.
$4,631 remains the key battle zone.
Aug 19 — Fed meeting minutes could set short-term direction.
Stage 2: Breakout or Breakdown (Aug 21–25)
Bullish Path: Break above $4,870 → immediate surge toward $5,000.
Bearish Path: Drop below $4,500 → quick slide to $4,400.
Stage 3: Monthly Line Sprint (Aug 26–30)
$5,000 final push attempt — could either break through or form a “needle top” false breakout.
Beware of $5,400 options barrier if bullish momentum continues.
4. Probability Forecast
🚀 Break above $5,000 → 60% chance (needs MACD golden cross + on-chain accumulation)
⚖️ Consolidation between $4,400–$4,800 → 30% chance
💥 Crash to $4,000 → 10% chance (black swan event)
5. Retail Investor Strategy
Try Long: Enter near $4,450, stop loss $4,400.
Breakout Trade: Enter if daily close > $4,870, target $5,000.
Exit/Short: If $4,700 stalls with topping pattern, aim for a short pullback.
6. Market Signals to Watch
✅ Long Signal: 4-hour bottom pattern + exchange net outflow.
❌ Short Signal: Daily top pattern + MACD divergence.
📌 Bottom Line:
Ethereum’s next 15 days will define its short-term destiny. If bulls can defend $4,400 and break $4,870, the march to $5,000 becomes highly probable. But a loss of momentum at these levels could open the door to a sharp correction