Forecasts Regarding Ethereum (ETH) Prices over the Week Ahead
Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, has been on a remarkable bull run in recent months, with its price surging above $4,600 in August 2025. This marks a significant increase from its April price of around $1,350, representing a gain of over 215%.
The current price of ETH is hovering around key support levels of $4,200–$4,300, a critical area to maintain for the bullish momentum and investor confidence. A drop below this level could potentially stall the gains and worsen sentiment. On the other hand, the psychological and technical all-time high target near $5,000 remains a key resistance to watch.
Technical analysis indicates that Ethereum is on a collision course with its all-time high at $4,862. The moving averages on the weekly MACD are expanding, indicating a bullish bias for ETH. Moreover, the MACD histogram continues to make higher highs, suggesting that the rally will continue as long as this trend persists.
Furthermore, Ethereum’s on-chain activity is at multi-year highs, with record transaction volumes and active addresses, indicating strong fundamental support. Futures open interest has surged, reflecting increased bullish bets, and the Relative Strength Index (RSI) has reached overbought territory (>70), suggesting possible short-term pullbacks but an overall strong uptrend.
Institutional buying, recent network upgrades (notably the Pectra upgrade improving scalability), and whale accumulation underpin optimism about ETH’s price breakout and the potential to challenge all-time highs.
Forecasts put ETH near $4,728 by August 24 with potential to reach $5,000 by the end of August 2025, supported by prediction markets assigning a 64% chance of this outcome. However, typical crypto volatility means sharp corrections remain possible, especially if prices fall below critical support around $4,200.
In summary, Ethereum is currently experiencing robust price momentum with strong fundamental and technical support. It is indeed on a "collision course" with its previous all-time high near $5,000, with many analysts and prediction markets viewing this target as likely to be reached by late August 2025, provided key supports hold. The $4,000 level is now acting as a key support for ETH, while the key resistance level remains at $4,862.
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