$ETH
Strong upward momentum on long timeframes, but there is a selling divergence in the Relative Strength Index (RSI) on both the daily and four-hour charts, indicating a potential correction opportunity towards ~$4,100 if buyers do not maintain levels of $4,400 and push for a sustained breakout above ATH at ~$4,800.
2. Institutional Strength and Liquidity
Massive inflows from ETF funds during the second quarter of 2025 exceeded $2.85 billion, reflecting increasing institutional confidence in ETH, which is double the inflows of Bitcoin.
Market predictions give an 88% chance that the price of ETH will reach $5,000 by the end of August.
3. Price Performance and Technical Support
ETH recorded a new all-time high of ~$4,882 after statements from the Federal Reserve Chair that interest rate cuts may occur in September, supporting this price surge.
Current solid support ranges between $4,000 and $4,150, while nearby resistance is between $4,350–$4,380.
Short-term forecasts indicate a potential price range of $5,200–$5,600 in the coming weeks, supported by bullish technical indicators (MACD, RSI).
4. Blockchain Data and Accumulation
The accumulation of ETH by whales and institutions continues, with the amount available on exchanges under pressure, reducing potential selling pressure.
Daily buying inflows of $37.1 million on August 24 indicate clear institutional interest at current price levels.