#加密市场回调

ETH Market Update | August 19, 2025

Ethereum (ETH) is experiencing a pullback today, with the current price around $4,244, down approximately -0.4% from yesterday. The intraday high reached $4,385, while the low was $4,205. Overall market capital flows are showing divergence: although the weekly chart previously hit a nearly 4-year high (closing at ~$4,475), the current price has retraced to around the critical support zone of $4,300, facing significant pressure.

In terms of catalysts, macro factors and leverage position liquidations have intensified selling pressure—this includes strong sell orders and capital withdrawals, forcing ETH to briefly drop below $4,300, triggering short-term panic selling. Meanwhile, although ETF inflows continue, the pace has slowed, providing limited support for the market.

In the short term, if the support zone of $4,200–$4,300 cannot be held, it may test $4,000; if it stabilizes, there is still hope to regain upward momentum relying on capital flows and institutional buying.