Ethereum Breaks Higher as Bulls Take Control — Bitcoin Faces
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Updated at: 3 hours ago
{"content":"Ethereum Breaks Higher as Bulls Take Control — Bitcoin Faces Pullback
Ethereum price again rose beyond $4,650. ETH is consolidating gains and may find bids at $4,550.
Ethereum began rising and reached a record high.
The price is over $4,550 and the 100-hour SMA.
The hourly ETH/USD chart broke below a rising channel with support around $4,750.
The pair may rise again until it closes below $4,550.
Ethereum Price Rises
Ethereum, unlike Bitcoin, developed a base and rose past $4,550. ETH price accelerated over $4,650 and $4,720.
Bulls drove prices over $4,900, a new record. The price has begun a negative drop after reaching $4,956. A drop below the 23.6% Fib retracement level of the $4,207 swing low to $4,956 high occurred.
Additionally, ETH/USD's hourly chart broke below a rising channel with support at $4,750. Ethereum is over $4,550 and the 100-hour SMA.
Price may find resistance at $4,820 on the upside. Around $4,850 is the next major resistance. At $4,920, serious resistance begins. A clean break over $4,920 might push the price above $4,950.
Above $4,950 barrier might lead to greater advances in the following sessions. Ether may soar to $5,000 or $5,150 soon.
Another ETH Drop?
Ethereum may fall if it fails to break $4,820. At $4,680, downward support begins. The first key support is at $4,580, the 50% Fib retracement level of the upward advance from $4,207 swing low to $4,956 high.
A decisive break below $4,580 might bring the price into $4,550. If losses continue, the price may reach $4,440 support. The next support is $4,320.
Tech Indicators
Hourly MACD - ETH/USD MACD is losing bullish momentum.
Hourly ETH/USD RSI is over 50.
Major Support—$4,580
Major Resistance: $4,820
#Ethereum #ETH #ETHInstitutionalFlows #Write2Earn $ETH ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/25/15ca0f408ca04dedb3eb1f93d76d3993.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}