$ETH Currently, Ethereum is trading around $4,107. After a sharp rise in the first half of August, the price began to correct and today fell below the $4,200 level, which was considered the nearest resistance. Now ETH is balancing at an important zone — $4,000–$4,100, and whether it holds above it is crucial.

If Ethereum can establish itself above $4,100, it will strengthen the buyers' positions. Then there is a chance that in the coming days we will see another attempt to storm $4,200, and then a move towards $4,400–$4,500. Institutional interest, the growing popularity of Ethereum ETFs, and increased activity in DeFi support this scenario.

However, if sellers continue to push, and ETH falls below $4,000, we could see a return to $3,800, and in the worst case — to $3,500 or even $3,200. These are levels that previously acted as support and were turning points for the trend.

Currently, the market is in anticipation — ahead is a speech by the head of the U.S. Federal Reserve, and market participants are reluctant to open large positions. In this context, any movement can be sharp — both up and down.