$ETH / USDT
The essentials of the moment:
Current price: approximately $4,308, following a 5% correction, ranging between $4,236 and $4,542 intraday.
Institutional strength still latent: Although Ethereum fell 5.2% today along with other altcoins after the highs, the momentum is still backed by record spot ETF flows (~$3 billion in August) and strong macrostructural demand.
Key technical expectations: Several sources indicate that ETH is aiming for a possible breakout between $4,700–$4,800 during this week, and additional momentum could push it above $5,000, even towards $6,000 if the momentum is maintained.
Market sentiment in transition: The odds of reaching $5,000 in August decreased from 64% to 26% on prediction platforms, reflecting growing caution in the face of volatility.
Key Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close > $4,800 Short: $5,000 → Medium: $5,500–$6,000
Neutral Consolidation between $4,200–$4,800 Key technical support zone
Bearish Drop below $4,200 Correction towards $4,000 or lower
Quick Recommendation
Buy if ETH manages to consistently close above $4,800, which could catalyze a significant rally.
Wait if it corrects towards support at $4,200–$4,400, and assess support before re-entering.
Lightning Summary
Ethereum has corrected today between 5–6%, partially impacted by macro conditions and profit-taking.
The institutional momentum via ETFs remains strong, although sentiment in prediction markets has cooled.
Key levels to watch: technical support at $4,200–$4,400; decisive breakout above $4,800 could accelerate the trend.