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Ethereum Price Prediction: ETH Tests Vital Support Around $4,340 As Record Network Activity

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  • August 30, 2025
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Ethereum (ETH) is hovering close to $4,340 after falling below $4,400 despite record network usage fueled by the Dencun and Pectra upgrades. The number of transactions and active addresses are at multi-year highs while fees are low, fueling ecosystem engagement and DEX trading volumes. Solid buying by digital asset treasuries and ETFs has underpinned ETH’s price, but increasing profit-taking threatens the downside. ETH is currently testing a significant ascending trendline support, a potential downfall to $4,000 if it fails, or a turnaround above $4,500 could revive bullish pressure toward fresh highs. KEY LOOKOUTS • Ethereum’s active addresses and transaction count have reached multi-year peaks, indicating healthy ecosystem expansion. • The Dencun and Pectra upgrades have maintained transaction fees at lows amid record usage, increasing scalability. • ETH is approaching an uptrend trendline; a breakdown will push the price towards $4,000 or lower. • A resolute break above $4,500 may clear the way for Ethereum to revisit its all-time high. Ethereum (ETH) is going through a pivotal moment as it trades at around $4,340, challenging an ascending trendline support that has also worked as a robust demand zone in the past. Despite this recent decline, the network has seen historic growth in activity, with transaction volumes and active addresses reaching multi-year peaks. Dencun and Pectra upgrades have been instrumental in maintaining low fees, a far cry from earlier bullish cycles when mounting activity triggered pricey trades. Although ETF and digital asset treasury accumulation still serves as a buffer for prices, increasing profit-taking among investors poses fears of a possible correction. ETH needs to reclaim the $4,500 level to spark bullish momentum again, or else a breakdown to $4,000 is possible. Ethereum trades at approximately $4,340, probing a crucial trendline support after falling below $4,400. Encouraging network development and low fees underpin the bullish argument, but growing profit-taking increases the danger of correction to $4,000. A reversal above $4,500 is important for ETH to target new highs. • Ethereum price is near $4,340, falling short of the $4,400 level. • Network activity peaks, as transaction volumes and active addresses reach multi-year high. • DEX volumes and TVL are nearing 2021 highs, indicating robust ecosystem engagement. • Dencun and Pectra upgrades guarantee minimal fees even during highest usage, enhancing scalability. • ETFs and digital asset treasuries currently own around 5% of ETH’s circulating supply, providing demand. • Increasing profit-taking pressure may prompt a correction towards the $4,000 psychological marker. • ETH must retake $4,500 in order to regain its bullish momentum and target new all-time highs. Ethereum continues to demonstrate impressive strength within its ecosystem as network activity sets new records. The transactions count has reached new records, with the 14-day SMA crossing 1.7 million for the first time, while active addresses have reached a three-year high. Such broad-based participation is a sign of good distribution of activity between users, backed by increasing decentralized exchange (DEX) volumes and a total value locked (TVL) that is nearing its all-time bull cycle highs. Such an increase indicates continued activity within the Ethereum network, substantiating its status as a pillar of decentralized finance and blockchain innovation. ETHEREUM DAILY PRICE CHART SOURCE: TradingView One of the drivers behind this momentum is the efficiency brought about by recent advancements, specifically Dencun and Pectra, which have decreased transaction fees considerably even during high usage. This enhancement has enabled Ethereum to surmount one of its biggest historical hurdles, offering smoother and cheaper usage. The firm accumulation by digital asset treasuries and exchange-traded funds has also further bolstered Ethereum’s fundamentals, demonstrating increased institutional faith. With sustained demand and innovative upgrades defining its ecosystem, Ethereum is primed to sustain long-term growth and adoption across sectors. TECHNICAL ANALYSIS Ethereum is now testing key rising trendline support that has remained strong since late June, serving as a significant zone of demand in earlier pullbacks. The price has already fallen beneath the $4,400 level, increasing the risk of more losses if the trendline is broken. Significant support is found around the $4,000 psychological level, supported by the 50-day SMA lying immediately below. Momentum gauges like RSI trending lower and Stochastic Oscillator approaching oversold levels indicate bearish pressure building but also promise a rebound if buyers enter the picture. On the upside, ETH must retake the $4,500 resistance to reinitiate bullish momentum and reopen the way for new all-time highs. FORECAST If Ethereum is able to maintain its rising trendline support and bounce back strongly, it may recover the $4,500 resistance level, which is crucial to resuming bullish momentum. A breakout above this level may set the stage for ETH to retest its recent highs and even establish a fresh all-time high. Strong network activity, low fees, and institutional buying in the form of ETFs and treasuries are expected to propel this move higher. Conversely, if Ethereum is not able to hold its current support, the price may fall towards the $4,000 psychological level, which is also supported by the 50-day SMA. A fall below this level is expected to attract more bearish pressure, pulling ETH towards $3,470, where the next significant support is available. Increasing profit-taking and weakening momentum indicators further increase the risks to the downside, which means that investors need to exercise caution in the near term.

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Crypto Ethereum

Ethereum Price Forecast: Will ETH Plunge to $1,200 Amid Trade War Tensions?

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  • February 8, 2025
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Ethereum’s price is facing downward pressure as global trade war tensions rise following former U.S. President Donald Trump’s announcement of reciprocal tariffs on multiple countries. The cryptocurrency declined by 4%, mirroring losses in the stock market, with the S&P 500 also dropping significantly. Analysts are warning that if Ethereum breaks below the $2,150 support level and a descending channel’s lower boundary, it could drop to $1,200. However, bearish momentum, as indicated by RSI and Stochastic Oscillator readings, is not translating into net inflows for Ethereum ETFs, which have been better than Bitcoin ETFs, at least. The coming week will be critical as market sentiment is expected to shift with Trump’s trade policies, which are going to impact both traditional and digital assets. KEY LOOKOUTS • A breakdown below this key support level may lead to a sharp fall toward the $1,200 price zone. • The market is waiting for Trump’s next move on reciprocal tariffs, which may further increase selling pressure on ETH and other risk-sensitive assets. • Ethereum’s price is increasingly mirroring the S&P 500, meaning further stock market losses could accelerate ETH’s decline in the coming days. • Despite the bearish trends, Ethereum ETFs have performed better than Bitcoin ETFs, which may indicate investor confidence that can stabilize prices. Ethereum’s price trend is still uncertain as it is hovering near key support levels amidst rising global trade tensions. Former U.S. President Donald Trump’s announcement of reciprocal tariffs has triggered a market-wide sell-off, with Ethereum falling 4% and the S&P 500 plummeting. Failure to hold at the crucial support level of $2,150 could send ETH to a subsidence towards $1,200. But ETF inflows have been increasing lately; this does gain some institutional confidence and signals stabilization in prices. With these correlations moving up between Ethereum and traditional markets, economic developents and decisions of Trump will be the next points in the deciding direction for Ethereum. Ethereum is under downward pressure as Trump’s tariff plans rattle markets, and ETH has fallen 4% with the stocks. If it breaks the support level of $2,150, then a fall to $1,200 is likely. Meanwhile, strong ETF inflows indicate institutional confidence, which may stabilize the price. • ETH fell sharply after Trump announced reciprocal tariffs, similar to the stock market losses. • If ETH breaks below this critical level, it may lead to a further fall to $1,200. • Price action of Ethereum tracks the S&P 500 quite closely as its linkages to traditional markets intensify • Market mood remains bearish on account of heightened trade tension and potential jolts in the economy. • Despite sharp declines, net inflows of more than $420 million are witnessed in the case of Ethereum ETFs and surpassed Bitcoin. • RSI and Stochastic Oscillator signals a continuation of bearish sentiment. The latter further increases the prospects of going south. • The ETH can bounce back and make its way toward higher values if it sustains above the support and breaks through the resistance line at $2,817. Ethereum’s price continues to come under strong bearish pressure due to former U.S. President Donald Trump’s recent announcement of imposing reciprocal tariffs on several countries. This sent ripples in global markets. It has shed 4%, following the traditional market losses. For instance, S&P 500 plummeted highly. This would mean that if Ethereum fails to hold the strong support level at $2,150, then the decline may easily reach the next target of $1,200. Technical indicators like RSI and Stochastic Oscillator confirm bearish momentum; hence, ETH may fail to regain upward momentum unless market sentiment somehow improves. Ethereum Daily Price Chart TradingView Prepared by ELLYANA Despite the negative price action, Ethereum ETFs have outperformed Bitcoin ETFs, recording over $420 million in net inflows compared to Bitcoin’s $32.5 million. Institutional investors still see value in Ethereum despite short-term volatility. However, ETH remains highly correlated with the stock market, meaning further declines in equities could accelerate its downward trend. Key levels on the charts which traders must keep an eye open for are at support and resistance, with the bounce from this $2,150 zone and a break over $2,817 making for the big, next, substantial price movements by Ethereum. TECHNICAL ANALYSIS Ethereum’s technical is bearish since the current fall is at testing the lower edge of the downward channel. Thus, failure in holding that very important support in the vicinity of $2,150 can allow a steeper fall into $1,200. The RSI and Stochastic Oscillator are well below their respective neutral levels, which means a strong bearish momentum is intact. Furthermore, in the past 24 hours, Ethereum had liquidations in futures worth $65.43 million, an indicator of high market uncertainty. If ETH is able to rebound off the support and break the $2,817 resistance level, it can move towards the reversal, likely hitting $4,500 long-term. FORECAST Ethereum has a pretty good chance for a strong pullback if this holds the significant support levels. If ETH was able to jump off the supporting zone at around $2,150 and pass the resistance marked at $2,817 then it could prove to be quite a reversal move. A bounce above the line of the downward channel could see a further upside towards the psychological level of $4,500. Institutional interest remains strong, as evidenced by the recent $420 million net inflows into Ethereum ETFs, suggesting that long-term investors see value in ETH despite short-term volatility. Additionally, if broader market sentiment improves and risk assets recover, Ethereum could benefit from a renewed bullish phase. Ethereum faces significant risks if it fails to hold the crucial $2,150 support level. A break below this level might extend the sell-off, pushing ETH down toward $1,200. The increasing correlation of Ethereum with the S&P 500 indicates that further declines in traditional markets will drag their prices lower and keep crypto prices lower as well. Bearish technical signs for the RSI and Stochastic Oscillator mainly indicate selling pressure over here. Moreover, if Trump’s trade policies continue to intensify global economic tensions, risk assets such as Ethereum may

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