Ethereum Technical Analysis: $200 Below All-Time Highs

By Elior Manier | 13 August 2025

Ethereum (ETH) has emerged as a standout performer in the ongoing cryptocurrency market rally, reclaiming investor attention after a period of relative quiet. While Bitcoin reached new milestones with its first run to $100,000, Ethereum had been patiently waiting in the wings, ready to make its move.

Now, with Ethereum breaking above the $4,700 mark, the altcoin ecosystem is showing renewed strength. Other major cryptocurrencies are following suit: Solana has surged back to $200, Binance Coin (BNB) is now valued higher than Nike, and XRP hovers around $0.40 from its all-time highs. Ethereum’s resurgence is serving as a leading indicator for the entire altcoin market.

Ethereum’s Performance So Far in 2025

After Liberation Day in April 2025, Ethereum was trading in the $1,300–$1,800 range for a couple of weeks, a stark contrast to the robust growth seen in U.S. indices like the Nasdaq, which climbed 46% over the same period. Yet, Ethereum has outperformed, rising over 234% from its recent lows. This underscores a key lesson for investors: staying aware of top-performing assets in any market class can lead to lucrative opportunities, especially when overall sentiment is cautious.

Of course, investing always carries risks. Entering too early can feel like catching a falling knife. Fortunately for Ethereum, this risk appears minimal given its consistent recovery and market dominance.

Market Dynamics and Ethereum’s Competitive Edge

During late 2024, Solana gained attention due to its cost-effective and efficient blockchain. However, Ethereum maintained its momentum, primarily boosted by the launch of ETFs and increased institutional interest. Its position as the second-largest cryptocurrency has reinforced investor confidence and further solidified its market leadership.

Let’s dive deeper into Ethereum’s technical outlook using multiple timeframes to understand its near-term and long-term trajectory.

Ethereum Weekly Chart Analysis

Examining Ethereum’s weekly chart reveals how close the cryptocurrency is to its historical highs from the 2021 bull cycle. Momentum indicators are signaling strong upward pressure, with Ethereum approaching overbought conditions on the weekly timeframe. It’s important to note that “overbought” does not necessarily indicate an immediate top; markets can continue to trend upward for extended periods before corrections occur.

The weekly candle has already surpassed the $4,000 level, with previous all-time high resistance zones acting as the primary hurdle for further gains. Some profit-taking may occur near these levels, but barring significant market disruptions, rapid reversals are unlikely.

Fibonacci extension analysis based on Ethereum’s 2024 rally suggests that $5,200 and $6,000 could serve as potential target levels if new all-time highs are reached.

Ethereum Daily Chart Insights

At a daily view, Ethereum shows minimal resistance, highlighting the speed and strength of the ongoing rally. Many traders had previously sidelined ETH, and now a surge of buying activity is pushing prices higher. While explosive moves can sometimes result in rapid peaks, current trading patterns suggest that sellers remain largely absent. Tracking Ethereum’s progress toward the 2021 all-time highs will provide crucial insight into market sentiment and potential price reactions.

Ethereum 4-Hour Chart Considerations

Zooming into the 4-hour chart reveals minor areas of potential price reaction. Some selling pressure is visible around key 2021 levels, but it is not substantial enough to reverse the bullish trend. Market sentiment remains highly optimistic, and momentum could sustain for an extended period before any notable cooling occurs.

Key Support and Resistance Levels for Ethereum

Support Levels:

• $3,500 – Major support zone
• $4,000 – Primary pivot point
• $4,200 – Consolidation area

Resistance Levels:

• $4,772 – Intermediate 2021 top
• $4,700–$4,900 – All-time high resistance zone
• $4,870 – Historical 2021 record

Investors and traders should carefully monitor these levels to identify potential entry or exit points. While sentiment is currently euphoric, gradual profit-taking or market reactions at resistance zones are natural components of any asset’s growth trajectory.

Final Thoughts on Ethereum’s Technical Outlook

Ethereum’s recent surge demonstrates its pivotal role in the cryptocurrency market. As the altcoin market follows Ethereum’s lead, investors are witnessing a revival of confidence across major digital assets. By maintaining focus on key technical levels and broader market conditions, traders can strategically navigate Ethereum’s upward momentum.

Ultimately, Ethereum’s performance reinforces the importance of top-tier assets in volatile markets. Its current trajectory, combined with strong market sentiment, positions ETH as a major contender for new all-time highs in the coming months. Careful monitoring of support and resistance zones will remain critical for making informed trading decisions.