$ETH

Ethereum (ETH) August 23, 2025:

1. Current Price: Ethereum is trading at approximately $4,829.23** (as of August 23, 2025), reflecting a +14.32% increase** from yesterday's price of $4,224.44 .

2. New All-Time High: ETH recently smashed its previous 2021 record, reaching a new all-time high of $4,878** (or **$4,891.70 per some sources) . This surge was largely triggered by Federal Reserve Chair Jerome Powell's dovish signals, hinting at potential interest rate cuts in September .

3. Short-Term Technicals:

Resistance: Immediate resistance lies near $4,400–$4,450 (supply zone) . A break above could target $4,636–$4,792 .

Support: Key support levels are $4,135** (near-term) and **$4,066–$3,955 (deeper downside) .

Indicators: RSI (30-min) is neutral to weak at 46.0, while the 4-hour MACD/DMI shows a bearish bias with sellers still in control .

4. Market Sentiment & Catalysts:

Institutional Demand: Spot Ethereum ETFs are seeing massive inflows (e.g., **$1 billion in a single day** recently) . Corporations like BitMine Immersion are aggressively accumulating ETH, holding **1.52 million ETH** ($6.6 billion) .

Macro Trends: Powell's shift toward rate cuts is boosting liquidity-driven optimism . Analysts like Tom Lee compare ETH to "1971-style gold" and predict a "very high probability" of flipping Bitcoin long-term .

Supply Crunch: ETH exchange balances hit 9-year lows (14.9 million ETH), indicating hoarding/staking demand .

5. Outlook:

Short-Term: Consolidation near ATHs is expected. A break above $4,400–$4,500 could fuel a push toward $5,000** . Failure to hold **$4,280 may lead to a dip toward $4,100 .

Long-Term: Bullish targets include $5,000+ by year-end** and **$25,000 by 2028 (per Standard Chartered) .

Summary:

Ethereum is in a bullish breakout phase after hitting new ATHs, driven by macro liquidity shifts (Fed cues) and strong institutional demand. Key supports are $4,135–$4,280, with resistance at $4,400–$4,500. While short-term consolidation is likely, the long-term narrative remains aggressively optimistic .