Ethereum: Key Levels to Watch
Ethereum price predictions lean slightly bullish amid the strong performance of the ETH/USD currency pair, alongside the Relative Strength Index (RSI) positioning near 65, which is a high level indicating strong demand without reaching overbought territory yet. The MACD indicator is also positive, suggesting the possibility of continued upward momentum.
Currently, Ethereum's price stabilizes around $4,700 forming a flag pattern, which is a technical pattern that often indicates a resting phase before a new upward move.
Ethereum is trading near $4,720 after a sharp breakout. Support sits at $4,600 & $4,400, while resistance at $4,900 could open the path to $5,300. #ETH #Crypto pic.twitter.com/e82KAWw9mG
— Arslan Ali (@forex_arslan) August 23, 2025
Additionally, the Ethereum chart reveals the nearest support level around $4,600, with a stronger base near $4,400. On the other hand, the nearest resistance level is at $4,900; if the price manages to break through this resistance, it could surge towards $5,300 and eventually to $5,700. These levels align significantly with the price extension targets outlined through analysis tools $ETH
