ETHUSD develops new bullish impulseETHUSD develops new bullish impulse
Ethereum is surpassing Bitcoin due to the anticipated approval by the SEC for spot ETFs, the increased adoption by companies, and the positive stance of the SEC regarding liquid staking tokens, which has sparked institutional interest.
Recently the asset managed to hold above the 4,200.00 level. Right now, ethereum is developing a new bullish momentum heading towards 4,600.00 local resistance. MACD has crossed and is in the green zone currently on 4-hour timeframe.
Ethusdanalysis
ETHUSD tries to develop another bullish impulseETHUSD tries to develop another bullish impulse
Fed Governor on DeFi: At the Wyoming Blockchain Symposium on August 20, Fed Governor Christopher Waller called DeFi and crypto payments "nothing to be afraid of," pushing for payment infrastructure collaboration. His pro-crypto stance, as a potential Fed chair, gains traction. Lummis on Crypto Bill: Senator Cynthia Lummis said the CLARITY Act, House-approved in July, could reach Trump by year-end with Senate tweaks, aiming for 2026 rollout. China’s Yuan-Backed Stablecoins: China may allow yuan-backed stablecoins to boost global use, reversing its 2021 ban. A late August roadmap review targets cross-border trade, with Hong Kong and Shanghai as hubs, to be discussed at the SCO Summit.
Technically, ETHUSD trades above the EMA20, trying to hold above this moving average. The MACD is in the green zone. The price may pullback towards 4,200.00 with a further bullish impulse towards 4,600.00 level.
ETHUSD dropped below the support level of 4,200.00ETHUSD dropped below the support level of 4,200.00
On August 19 the asset dropped below 4,200.00 support level on an extremely high volume losing 5.55% as traders braced for Federal Reserve Chair Jerome Powell’s address at Jackson Hole. The drop follows a period of heavy profit-taking that gathered momentum after Ethereum’s sharp rally earlier this month. Liquidations also intensified during the downturn in the last 24 hours. Data from showed that more than 128,000 traders were wiped out in the past 24 hours, with total losses amounting to $450.7m.
The asset has been growing during Asian and early European trading hours today. If the asset fails to break through the 4,200.00 and hold above, the price may decline to the major support level of 4,000.00. Otherwise, the upside range is limited by the upper border of the descending channel.
ETHUSD formed a bullish wedge, ready to reverseETHUSD formed a bullish wedge, ready to reverse
ETHUSD has been declining since August 14. During the last 2 days the asset started to trade within a narrow declining range, eventually forming a bullish wedge. Price came to an intermediate support level of 4,200.00, showing bullish divergence on the RSI on 30-m chart. Price is expected to rise towards local resistance of 4,400.00 and the upper border of the descending channel (highlighted with red).
Ethereum - The moment of truth!🔬Ethereum ( CRYPTO:ETHUSD ) trades at a key breakout level:
🔎Analysis summary:
Ethereum - after consolidating for the past four years - is once again retesting the previous all time high. And before we will witness another bearish rejection, Ethereum has the chance to finally break out of the long term triangle pattern. It's time for us to start praying.
📝Levels to watch:
$4.000
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ETHUSD falls on fears of hawkish key rate policyETHUSD falls on fears of hawkish key rate policy
Ether fell by 4% to $4,296.50 on August 18, pressured by last week’s higher-than-expected U.S. macro data. The drop reflects reduced investor confidence amid elevated inflation, with July’s PPI at 3.3% year-over-year, lowering expectations for a Fed rate cut. Spot ether ETF flows dipped modestly, but institutional engagement remains strong, with funds rotating to lower-cost products like BlackRock’s IBIT. Analysts see the Fed’s Jackson Hole Symposium and August 21 jobless claims as key upcoming factors.
ETHUSD broke below the support of 4,350.00. The price is heading towards local support of 4,000.00 in order to retest this crucial level with possible rebound from SMA200 on 4-h chart.
ETHUSD: Above $4,300 – On the Way to New Heights!Market sentiment and triggers
The bullish momentum is strengthening: ETH has risen by 17% in a week and has broken through the $4,300-4,400 levels. Growing interest from institutional investors and ETFs is creating a solid fundamental basis.
Initiatives and regulatory drivers: Stablecoin legislation and SEC policy ("Project Crypto") make Ethereum attractive, with the prospect of a new high above $4,865.
Corporate purchases are in the works: companies like Bitmine Immersion and Sharplink Gaming are actively increasing their positions in ETH, which is further supporting demand.
Technical models and signals
A "bullish flag" is forming: the pattern looks like a pause before a new wave of growth. A breakout to the upside is the target for the monthly high near $4,900+.
Key support levels: $3,700 remains a solid foundation. A drop below $3,500-3,300 will be a risk for the current wave. Forecast spread: from $2,750 to $4,550 in August.
DailyForex forecast: momentum is aimed at $4,000 with key support/breakout zones at $3,400 (base) and $4,000 (upside barrier).
Long-term target possible up to $8,000: if ETH consolidates above $4,000 and the momentum continues, the $6,000 level and even $8,000 may soon come into view.
ETHUSD declines after reaching ATHETHUSD declines after reaching ATH
ETHUSD declined after reaching the ATH at 4,800.00. In our recent report we wrote that the asset is forming the divergence on the RSI. It worked out pretty well. Fundamenntally, we have 2 big news, same as for the BTCUSD. U.S. Treasury Secretary Scott Bessent announced that the government won’t add more Bitcoin to its strategic reserves. This tgriggered not only the bitcoin, but other crypto coins as well. The latest U.S. Producer Price Index (PPI) data also came in weak, with the core PPI rising 3.7% year-over-year, exceeding the anticipated 2.9%. This suggests tariffs are working as planned and could lead to higher inflation in the near future.
Technically, the price stays below the SMA50 on hourly timeframe, the asset looks to overbought, considering such news, so the correction is expected with final target of 4,000.00.
ETHUSD is nearby ATHETHUSD is nearby ATH
ETHUSD has been growing since August 3, without any visible correction. Since that time the asset gained 39.38%. However, currently ETHUSD is experiencing bearish divergence on 1-h timeframe, although the price is nearby its ATH. Highly likely that the price will start a decline in nearest hours with the final target of 4,350.00. The possible breakdown of an EMA20 here is a supportive factor for a downward correction.
DeGRAM | ETHUSD retest of the support level📊 Technical Analysis
● ETH exploded out of the purple median channel, invalidating March-July lower-highs; retest of 3 210 held as a fresh higher-low, confirming trend acceleration.
● Price is now travelling the channel’s outer parallel; flag pole projected from the 2 430→3 210 thrust aligns with the 4 150-4 250 supply zone shown in pink.
💡 Fundamental Analysis
● CME ether futures OI hit a 14-month high on 17 Jul while exchange balances dropped to a five-year low, signalling strong institutional demand and tight float ahead of expected spot-ETF approvals.
✨ Summary
Long 3 210-3 300; hold above 3 210 targets 3 600 → 4 200. Bull view void on a 16 h close below 3 020.
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ETHUSD - Technical picture The long-term trend remains bullish: Technical picture
The long-term trend remains bullish: The price is confidently holding above the 20-, 50-, 100- and 200-day moving averages, which indicates a stable uptrend.
TipRanks indicators:
Almost all key MAs (5-200 days) are showing a “Buy” signal, with the exception of MA20 (Sell).
The current price of Ethereum (~$4,188) is significantly above all MAs, which confirms growth.
RSI (14) — 58.75 (neutral), MACD — Buy, ADX — neutral, ROC — Buy.
Result — “Strong Buy”.
TipRanks
Price levels
ETH previously relied on EMA50 (support zone), and demonstrates a continuation of the uptrend on short-term timeframes.
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Support and resistance levels
Resistance: Near the psychological mark of $4,000 — an important barrier, the breakout of which can trigger another growth round.
Support: The standard of the ongoing bullish trend is the EMA50, as well as the levels of $3,700–$3,800, where ETH demonstrated stability.
Result
The trend remains positive: ETH is confidently above all key MAs, MACD and other signals confirm the strength of the bulls.
The key level is $4,000: breaking it can return ETH to the growth zone.
RSI at 58.8 and MACD in the Buy zone confirm the potential. However, given the overbought conditions, a small correction or consolidation is possible.
Recommendation: long positions on a rebound from support with a target of $4,000+, or entry upon a confident breakout of the resistance level.
ETHUSD surpassed 4,000.00 level, ready to retestETHUSD surpassed 4,000.00 level, ready to retest
ETHUSD has been trading bullish since last August 7 due to the same fundamental reasons as bitcoin. U.S. retirement policy is planning to include crypto into 401(k) retirement accounts. Additionally, Alaska summit between Trump and Putin on August 15 may favor risky assets due to the geopolitical risks are getting lower.
Technically, the price shows bearish divergence on 1-h timeframe. Price may decline towards crucial 4,000.00 level. However, next bullish development is expected afterwards with possible target of 4,600.00
ETH/USDT — Resistance Around $4.0k: Breakout or Rejection?Summary
The weekly chart shows Ethereum testing a multi-year horizontal resistance zone around $3.9k–$4.1k, a level repeatedly tested since 2021. The measured move on the chart projects a potential target of $4,868 — about +$868 or ~21–22% upside — if a confirmed breakout occurs on the weekly timeframe.
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Technical Analysis (based on chart)
Timeframe: Weekly (1W). The current test is highly significant due to the higher timeframe, with medium- to long-term implications.
Key Levels:
Major resistance zone: ≈ $3,950 – $4,100 (yellow line).
Breakout target: $4,868 (≈ +$868 or ~+21–22% from the breakout zone).
First support if rejected: ≈ $3,300 – $3,600. Stronger support at $2,100 – $2,750.
Price Action: Price has made multiple peaks at this zone (multiple tops), signaling strong supply. However, recent higher lows suggest growing bullish momentum — if a breakout occurs.
Pattern: Multi-year horizontal resistance. Possible outcomes:
Rejection: Acts as a triple-top / horizontal supply zone.
Breakout: Transitions into a range breakout setup with measured target.
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Bullish Scenario (confirmation needed)
1. Confirmation signal: Weekly close above $4.0k zone with strong follow-through in the next week.
2. Entry strategies:
Conservative: Wait for a retest (resistance → support) before entering, with stop below retest (~$3.7k).
Aggressive: Enter on breakout, stop below breakout candle low.
3. Target: First target ~$4,868 (measured move). If momentum persists, higher targets may be reached.
4. Invalidation: Weekly close back below $3.7k–3.8k after breakout.
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Bearish Scenario (if rejection occurs)
1. Confirmation signal: Bearish rejection candle (pin bar / engulfing) on weekly + no breakout close.
2. Entry strategies: Short or take profit on longs after confirmed rejection; ideally backed by bearish follow-through next week.
3. Target downside: First support $3.3k–3.6k; stronger drop could retest $2.1k–2.8k zone.
4. Invalidation: Weekly close back above $4.1k with strong bullish volume.
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Risk Management & Notes
Weekly close is key — avoid reacting solely to intraday wicks.
Volume matters: No volume = higher risk of false breakout.
Position sizing: Keep risk controlled (e.g., 1–2% per trade), stops in logical zones.
Multi-timeframe check: Use daily chart for precise entries and watch for orderflow/news catalysts.
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Pattern Notes
Multiple Tops / Horizontal Supply: Sellers have consistently defended this level.
Ascending pressure: Higher lows into resistance can increase breakout probability.
Measured Move: Distance from breakout zone to target is about $868 — matching the chart’s projection.
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Hashtags
#ETH #ETHUSDT #Ethereum #Crypto #Breakout #Resistance #WeeklyChart #CryptoAnalysis #TechnicalAnalysis
*Ethereum Cup and Handle Breakout with Bullish TargetsThis chart displays a classic *"Cup and Handle"* formation in Ethereum (ETH/USD) on the 30-minute timeframe. After forming a rounded bottom (cup) and consolidating (handle), price breaks out into an ascending channel, indicating bullish momentum.
Two clear bullish targets are projected:
- *1st Target:* 4,034.97
- *2nd Target:*4,164.52
Support and resistance levels are marked, and the structure suggests potential continuation toward higher highs if volume and momentum sustain. Ideal for short-term swing traders watching breakout patterns.
Pattern Observed:*
*Cup and Handle Formation*
- A bullish reversal pattern that signals a continuation of upward movement.
- The *cup* shows a rounded bottom, indicating market recovery from a downtrend.
- The *handle* (short consolidation) confirms buying pressure after the breakout.
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*Price Action & Trend:*
- After breaking above the resistance (~3,580), price entered a *rising channel*, showing consistent higher highs and higher lows.
- The breakout is strong, confirming bullish momentum.
- Minor retracement or sideways movement expected before hitting target zones.
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*Key Levels:*
- *Current Price:*3,910
- *Breakout Point:* ~3,580 (acted as neckline/resistance)
- *1st Target:*4,034.97 (short-term resistance)
- *2nd Target:* $4,164.52 (next major resistance level)
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*Indicators & Signals:*
- *Trend:* Strong uptrend within channel
- *Volume (not visible but assumed):* Likely increased on breakout, which strengthens pattern confirmation
- *No signs of major reversal yet*, but RSI or volume checks would confirm if it's overbought or sustable
ETHUSD holds 3,550.00 support level and continues to grow.ETHUSD holds 3,550.00 support level and continues to grow.
Since August 1 the asset has been trading below the support level of 3,550.00. On Monday the asset broke through this level from below, establishing the false breakout of this level. A false breakout is when an asset’s price pops past a major support or resistance line but then flips back fast, not sticking with the move. It tricks traders into thinking a big trend’s kicking off, only to burn them when the price slides back to where it was.
On August 6 ETHUSD has successfully rebounded from the 3,550.00 support level and is currently developing short-term bullish momentum. The price is expected to grow towards 3,800.00 and 4,000.00 as a final target.
ETHUSD Market Structure and TrendMarket Structure and Trend
ETH has risen from around $2900 to around $3800 in July, breaking the important $4000 resistance level that has previously failed to be broken three times in 2024
ETH is trading in a tight price range of $3650–$3704, with the price above the EMA(25) ($3460), confirming the medium-term bullish trend
Indicators and Signals
EMA(7): $3739 — price below → short-term weakness signal; but above EMA(25) and EMA(99) (~$2832) → trend remains bullish
Stochastic RSI (6): ~1.6 — oversold level, signaling a possible rebound
RSI (according to TipRanks): around 76.7 — overbought, partially limits growth
ADX (14-day) on Barchart: around 17–23 — weak trend and consolidation
Support and resistance levels
Support:
$3616 — 3650 zone (lower boundary of the range and EMA(25)),
then $3460 (EMA25) and then $3460–$3300 if broken below
Resistance:
$3739 (EMA7),
above $3800,
key level $4000 — psychological and technical barrier,
further — historical maximum around $4800
Possible scenarios
Bulls
If the price holds above $3650 and stochastic RSI bounces up — growth to $3739 → $3780–$3800 is expected.
Breakthrough and holding above $3800 will open the way to $4000–$4100, and potentially higher, up to $4800+ if the market turns in favor of ETH
Bears
Consolidation below $3616 → possible movement to $3460 and lower to $3300+ with increased selling and weak volume
RSI above 70 may foreshadow a correction in the absence of further momentum.
ETHUSD BROKE THE LOWER BORDER OF THE WEDGE. PRICE IS MOVING TOWAETHUSD BROKE THE LOWER BORDER OF THE WEDGE. PRICE IS MOVING TOWARDS THE LOCAL SUPPORT.
Yesterday, Ethereum saw its largest monthly increase since July 2022, thanks to strong inflows into exchange-traded funds and increased activity in the Ethereum treasury. US exchanges are working to obtain regulatory approval for a standardized framework for listing crypto funds. Coinbase and JPMorgan have joined forces to provide Chase customers with access to crypto products.
Despite these positive developments, the short-term outlook does not indicate a bullish setup. It appears that all the information has already been factored into the price. The pair moves towards the local support of 3,500.00. However, in the long term, these developments are favorable for investment.
ETHUSD MAY FORM THE BEARISH WEDGE. THE PRICE IS GETTING READY TOETHUSD MAY FORM THE BEARISH WEDGE. THE PRICE IS GETTING READY TO DROP.
ETHUSD has been moving bullish since July 8. However since July 21 the price started to form the bearish wedge with bearish divergence on RSI on 4-h timeframe.
A bearish wedge is a bearish reversal pattern in an uptrend, where the price forms higher highs and higher lows within converging upward trendlines, signaling weakening bullish momentum and a potential downward reversal. To trade, identify the wedge with declining volume and confirm with RSI or divergence. Sell or short on a breakdown below the lower trendline with a volume spike. Set a stop-loss above the recent high or upper trendline. Target the wedge’s height projected downward from the breakdown or the next support level with a 1:2 risk-reward ratio.
We expect that the price will establish another bullish momentum and the price will go towards upper border of the wedge, slightly below the 4,100.00 resistance level and will decline towards 3,500.00 support level afterwards.
ETHUSD HEADS TOWARDS WEEKLY RESISTANCEETHUSD HEADS TOWARDS WEEKLY RESISTANCE
ETHUSD has broken local resistance of 3,850.00 and is currently heading towards weekly resistance of 4,100.00, the level, established in 2021. Last time the asset came close to this level at the end of last year and reversed from it afterwards. Same situation is expected here.
Price may retest the level of 3,850.00 and then head towards 4,100.00 level. No reversal signs on RSI or MACD. Vice a versa, RSI shows local strength of the asset, MACD is in the green zone. Buying volume highlights current bullish impulse.
ETHUSD, XRPUSD - BEARISH DIVERGENCE SUCCESSFULLY WORKED OUT
ETHUSD, XRPUSD - BEARISH DIVERGENCE SUCCESSFULLY WORKED OUT
On these 2 graphs you may observe ethereum and ripple declining after strong bearish divergence showed up on both of these instruments. Here, the bearish divergence proved to be a success. In both cases the price has almost reached first targets: 3,500.00 for ETHUSD and 3.00000 for XRPUSD.
What will be next?
It looks like downwards correction still persists and we may observe some deeper than now decline with possible targets of 3,000.00 for the ETHUSD and 2.60000 for the XRPUSD.