Trading King
08/18 15:02
Ethereum Price Analysis
Ethereum Price Analysis
Ethereum is currently changing hands at $4,268.63, down 4.32% since yesterday, though only slightly lower on the week. Daily business has surged 52% to $41.93 billion, signaling aggressive selling pressure. ETH price remains about 13% below its $4,891.70 all-time high and has breached a critical $4,380 support level, causing cascading liquidations.
The chart above shows ETH hugging the lower Bollinger Band, with RSI at 37 reflecting weakening momentum. If price action continues to stall under $4,380, Ethereum could slip toward $4,144 support next week. On the other hand, a rebound above $4,380 may pave the way for a recovery toward $4,500 and possibly $4,878 if buyers return in strength. That being said, heavy staking withdrawals, about 855,000 ETH this week, are amplifying spot selling pressure.
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