Ethereum Soars but Stays at the $5,000 Barrier Level

Ethereum (ETH) Current Statistics

The current price: $4,786.22
Market Capitalization: $577,939,988,788.04
Trading Volume: $30,058,417,651.57
Major supply zones: $3,500, $4,000, $4,500
Major demand zones: $2,500, $2,000, $1,500

Ethereum (ETH) Price Analysis August 24, 2025

Ethereum’s price has remained bullish at the $5,000 barrel level. The price of Ether is experiencing a series of higher highs and higher lows. Following the breakout, the biggest altcoin soared to a high of $4,770. The cryptocurrency price, however, has stuck near the $5,000 barrier level. The altcoin retraced above the 21-day SMA support before rising to retest the resistance level.

On August 19, a retraced candle body hit the 78.6% Fibonacci retracement line. The retracement predicts that Ether will rise before reversing at the 1.272 Fibonacci extension, or $5,429.63. Today, Ether is still trading below the $5,000 barrier in expectation of a positive trend.

ETH Technical Indicators Reading

The price bars are located above the upward-sloping moving average lines. The moving average lines on the 4-hour chart are horizontal due to the stoppage of the uptrend. Ether is rising as evidenced by the 21-day SMA being higher than the 50-day SMA. However, the bullish trend will come to a stop if the price bars fall below the moving average lines.

Conclusion

The Ethereum price has halted at the $5,000 barrier level. Since August 14, Ether’s price has fluctuated above the $4,000 support but below the $4,900 level on the 4-hour chart. The cryptocurrency price has twice tested the resistance level and then pulled back. Doji candlesticks have developed at the latest high, signaling that the cryptocurrency may trade in a range for a few days. The cryptocurrency signal remains positive with price bars above the moving average lines.

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