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Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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#Ethereum# The price exceeded the long-term resistance at the average of $4,000 with high-volume transactions last week and turned this area into support. While ETH continues to show positive momentum technically, it seems that a minor resistance has formed around the $4,300 band over the last few days. If this minor resistance line at the $4,300 band is not broken for the rest of the week, it may trigger short-term profit realizations. Thus, we might see the next step in a retest towards the support at the $4,000 limit. If this line extending towards $3,980 can be maintained during a potential retest, it seems likely that ETH will continue with a stronger move again. Targets above $4,300 are being monitored as $4,670-$5,030-$5,554. In short, in a bullish scenario, we could see ETH begin moving towards the $5,000 area with daily closes above $4,300. Currently, the stochastic RSI and short-term EMA values on the daily chart support the trend. Short-term pullbacks towards $4,000 can be considered as buying opportunities during this process. On the other hand, if there are negative developments this week that prevent stability above $4,300 and increase selling pressure during a potential pullback towards $4,000, the likelihood of a correction prolonging increases. Accordingly, in the lower region, $3,800 appears as the second support, and a drop below this level could lead to a decline down to $3,450.