Market Analysis on August 25, 2025
The battle between bulls and bears was very intense in the early morning, with Ethereum rising to a maximum of 4956 USD, less than one percentage point away from 5000. However, a large bearish candlestick then hit, and it has now dropped to 4600 USD, which means the maximum fluctuation in the past half day was about 8%. BTC also experienced a large bearish candlestick, with the price dropping directly from around 115000 to 110680, a decline of over 4000 USD. For Bitcoin, this decline is quite significant. It can be seen that both sides are cautious at the 5000 resistance level for Ethereum. After all, Ethereum's momentum is very strong right now, and once it breaks through successfully, it will enter a period of accelerated growth.
It is worth noting that this time the main force behind the rally is not the Ethereum MicroStrategy company, but from the cryptocurrency circle. Firstly, the day before yesterday, there was a direct large bullish candlestick that pulled from 4200 to 4800, which is typical behavior of the main force in the crypto circle. Additionally, yesterday, a Bitcoin whale chose to join the bullish camp for Ethereum. According to on-chain monitoring, Bitcoin whale addresses transferred approximately 18,000 BTC in batches, worth 2 billion USD, and exchanged all of it for Ethereum, most of which was directly transferred to staking. With 2 billion USD worth of BTC being exchanged for Ethereum, it seems to be a bet on Ethereum breaking through 5000. If the bullish market continues, Ethereum's growth potential is obviously greater. Moreover, this whale address also holds over 60,000 BTC, valued at around 8 billion. If he chooses to exchange all of it, it means there will be another 8 billion USD buying pressure for Ethereum.
Before this wave of decline, the community experienced a round of FUD, with many suddenly claiming that the market has entered the tail end stage and starting to turn bearish. This view is somewhat close to mine. My target price for this round of Ethereum is 8000-10000. Once it breaks 5000, continuing to reduce positions is not a problem. However, starting to turn bearish now seems unnecessary. Generally speaking, bull markets do not stop at rationality; the current market sentiment is still relatively calm. Even with Ethereum's rise, it has not triggered FOMO sentiment. I will continue to wait for the breakthrough at 5000 and choose to take a position, just in case this is a big opportunity!
In terms of the market, I initially thought that after the collective bearish sentiment, there would be a short squeeze, and it would shoot up overnight. Unexpectedly, BTC also fell alongside it, and now Ethereum has temporarily fallen below 4600, breaking away from the pressure range. This means that the market will continue to battle between bulls and bears. However, considering the high volatility, a breakthrough this week is highly likely. As for whether there will be a crash before the breakthrough, the probability seems to have increased compared to before, mainly because Bitcoin suddenly tested the support level of 110,000. Regardless, the volatility will remain high in the coming days, and it's best to avoid contracts; for spot trading, it can wait. Breaking 5000 feels inevitable, just one step away, and we won't give up.
Thank you for your attention and likes.#ETH创历史新高
