Technical analysis for Ethereum (ETH) and trading recommendations for this week (August 24-30, 2025)
Market Overview
The current precise price of Ethereum (ETH) today, August 24, 2025, is $4,905.65 (according to real-time CoinMarketCap data). Ethereum shows strong upward momentum supported by fundamental factors such as significant institutional investment flows ($3 billion in ETH ETFs in August), network updates (like Pectra), and strong activity in DeFi and NFTs. However, there are signs of a potential short-term correction due to strong resistance at the $4,850-$5,000 levels.
Technical Analysis
1 Overall Trend:
◦ Weekly timeframe: Ethereum is in a strong uptrend, having recently broken the $4,800 barrier, approaching the historical high of $4,878 (November 2021). The upward momentum is supported by high trading volume ($32.83 billion in the last 24 hours).
◦ Daily timeframe: The price is trading above the key moving averages (50 and 200 days), reinforcing optimism. However, the Relative Strength Index (RSI) on the 30-minute timeframe at 52 indicates a neutral condition after a retreat from overbought levels (70).
2 Support and Resistance Levels:
◦ Support:
▪ $4,600-$4,650: Immediate support area, backed by the Supertrend indicator at $4,459.
▪ $4,200-$4,250: Strong support recently tested.
◦ Resistance:
▪ $4,850: Immediate resistance, as the market faces potential selling pressure.
▪ $5,000-$5,100: A psychological level and major bullish target.
▪ $5,250-$5,300: The top of the upward channel on the weekly timeframe.
3 Technical Indicators:
◦ RSI (14): At 52 on the 30-minute timeframe, indicating a temporary balance with the potential for an upward move if momentum increases.
◦ Trading Volume: A significant increase in trading volume ($63.87 billion in the last 24 hours), reflecting strong participation from buyers.
◦ Supertrend: Located at $4,459, acting as a dynamic support on the 4-hour timeframe.
◦ DMI (Directional Movement Index): Shows +DI crossing above -DI, indicating the continuation of upward momentum.
4 Chart Patterns:
◦ The price is trading within an upward channel on the weekly timeframe, with strong support at $4,600.
◦ Breakout of the Symmetrical Triangle pattern on the 4-hour timeframe supports the current upward trend, but the price may face resistance at $4,850 before resuming the rise.
Price forecast for this week (August 24-30, 2025)
• Bullish Scenario:
◦ If the price holds at $4,700 and breaks $4,850 with increased trading volume, it may target $5,000-$5,100 by the end of the week.
◦ A breakout above $5,100 may open the door towards $5,250-$5,300, especially if institutional capital flows continue.
• Bearish Scenario:
◦ If the price fails to break $4,850 and closes below $4,700, it may retreat to $4,600 or $4,450 (Supertrend support area).
◦ Breaking $4,450 may lead to a deeper correction towards $4,200.
• Daily Forecast (based on market trends):
◦ August 25: $4,721.66-$4,773.40 (Average: $4,747.53).
◦ August 28: $4,773.40-$5,108.92 (Average: $4,941.16).
Trading Recommendations
1 For short-term traders (Scalpers/Day Traders):
◦ Buy: Enter when testing the support level of $4,600-$4,650 with a confirmation of a bounce (bullish candle or increased volume). Target $4,850 or $5,000.
◦ Stop Loss: Place a stop loss below $4,550 to reduce risks.
◦ Sell: If the price rejects at $4,850 with bearish signals (like a reversal candle or decreased volume), target $4,600-$4,450 with a stop loss above $4,900.
2 For medium and long-term investors:
◦ Dollar-Cost Averaging (DCA): Take advantage of any dip to $4,450-$4,600 to buy, with long-term targets at $5,250-$6,925 by the end of 2025.
◦ Risk Management: Allocate 5-10% of your portfolio to reduce risks, given the high volatility.
3 Additional Tips:
◦ Watch trading volume: Increased volume at the breakout of $4,850 will confirm upward momentum.
◦ Follow the fundamental news: Updates like Pectra or ETF flows may drive the price up.
◦ Be mindful of corrections: If the price closes weekly below $4,450, it may signal a deeper correction.
Summary
Ethereum at $4,905.65 shows strong upward momentum, but it faces resistance at $4,850-$5,000. The week may see a test of the $5,000 level if momentum continues, with a potential correction to $4,600 if the price fails to break through. The recommendation is to wait for breakout or bounce confirmations at support levels with strict risk management.
Warning: Trading in cryptocurrencies involves high risks. Do your own research and consult a financial advisor before making investment decisions.
If you need more details or specific strategies, let me know.
ETH$ETH
4,937.96
+3.98%