Ethereum's bull market this year has not yet emerged, and the pullback is just a temporary consolidation. Ethereum reaching 16,000 dollars is not a dream!

August 20, 2025 Market Analysis
The market continues to pull back, and Ethereum has fallen below $4200. However, by the time I wrote this article, it had almost recovered. If it can stabilize at $4200, then the short-term trend still aligns with my judgment. As I mentioned yesterday: $4200 has support, but it may briefly drop below this level in the short term. The hourly candlestick trend is still maintaining a downward trend, especially since the support strength at $4200 is not very strong. The real strong support is at the lower level of around $3600. Therefore, if this downward channel is not broken, it is indeed possible for it to fall below $4000. From an hourly perspective, Ethereum needs to rebound and stabilize above $4400 to break this adjustment trend. Thus, I must admit that the next few days will still favor the bears.