1. Trend & Momentum
recently surpassed the $4,000 mark, setting new highs for 2025 and confirming its bullish trend.
- On longer-term charts, the upward movement remains strong, although short-term traders should remain alert for possible pullbacks.
2. Support & Resistance Levels
Immediate Resistance Zones:
- Around $3,950–$4,000, which has now turned into support following the breakout.
- The next key resistance is at $4,100, aligned with major Fibonacci extension levels. Holding above this could open doors to higher targets.
Support Levels:
- The initial support zone is near $3,900–$4,000. Falling below this could present buying opportunities on dips.
- A broader support is maintained along an ascending trendline, keeping the bullish channel intact.
3. Technical Indicators & Setup
- The chart exhibits a “coiled spring” pattern, with higher highs indicating continued upward momentum as long as support holds.
- Most technical indicators on the daily chart favor bullish sentiment, with moving averages predominantly signaling buy signals.
4. Market Drivers & Macro Factors
- Ethereum’s rally is bolstered by favorable macroeconomic developments, including clearer regulations (such as Project Crypto and stablecoin rules), increased dominance in decentralized finance (DeFi), and robust inflows into ETFs.
- Despite typical August downturns, 2025 has defied expectations with record daily transaction volumes and increased accumulation by corporations and whales.
Price Outlook:
- Short-term forecasts suggest targets around $4,400, though patience is needed.
- Long-term projections average near $4,688 by year's end, with optimistic scenarios pushing prices above $5,000, potentially reaching $6,000–$8,000 in highly bullish conditions.
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