Ethereum Price Analysis Powered by AI

ETH poised for 4,800+ as ascending triangle read targets ~4,870 within 24h

Comprehensive, step-by-step multi-technique analysis for ETH (24h outlook)

Regime: Strong bullish momentum resumption since early August after a mid-July to Aug 1 corrective phase. Daily structure has transitioned from higher lows around 3,400–3,600 to a series of strong pushes above 4,000, now pressing into the mid-4,700s.
Current price: 4,718.84, with today’s intraday high at 4,747.6 and a constructive close toward session highs. Momentum and breadth intraday remain supportive.

Daily (May → Aug): Clear uptrend from late June lows (~2,200–2,400 range) to Aug 9 peak (~4,264), shallow pullback into Aug 11 (~4,227), now impulsive extension toward 4,750. Higher highs and higher lows intact.
4h/1h: Over the last 24 hours, ETH printed a sequence of higher lows (4610 → 4643 → 4699/4702) and higher highs (4707 → 4731 → 4748). Structure is trend-continuation. Latest pullback respected prior breakout levels, indicating demand is stepping in on dips.

Immediate resistance: 4,747–4,750 (today’s high/round-number supply). Then 4,800 (psychological), 4,865–4,870 (measured move target), 4,900–4,920 (round/extension), 5,000 (major psychological).
Immediate support: 4,700–4,705 (38.2% intraday Fib, prior breakout shelf), 4,678–4,680 (50% Fib), 4,655–4,657 (61.8% Fib), deeper: 4,630–4,635 (intraday pivot cluster), 4,600 (psychological).

Swing low 4,610 → swing high 4,747.6:
- 38.2%: ~4,701
- 50%: ~4,679
- 61.8%: ~4,657 Price has repeatedly bounced in the 4,699–4,705 pocket, confirming the 38.2% zone as active support and favoring trend continuation vs a deeper retrace.

20-EMA ~ 4,685–4,695 (approx); price riding above and pulling back shallowly into it — classic uptrend behavior.
50-EMA ~ 4,660–4,670; rising and below the 20-EMA.
200-EMA below 4,600; 20>50>200 bullish stack indicates strong trend. Pullbacks toward the 20-EMA have been bought quickly in this session.

RSI (1h): Estimated mid-60s after a push to upper band; not overbought (>70) and resetting on minor dips — bullish continuation posture.
MACD (1h): Above zero and signal; histogram remains positive with a slight contraction during the last two hours, consistent with a pause within an uptrend. A fresh expansion on a 4,735–4,750 break would likely extend the move to 4,800+.
Stochastics (1h): Cycling down from overbought toward neutral while price holds elevated — bullish divergence of price vs oscillator (price resilience).

Bollinger Bands (20,2) on 1h: Price has “walked” the upper band on the outbreak, now consolidating just under it. The middle band tracks near 4,685–4,695; the upper band near 4,745–4,755. A sustained band ride above 4,735 typically precedes another leg up toward 4,800+.
ATR (1h,14): Approx 35–50 points recently, elevated vs early session. This supports the feasibility of a 100–150 point extension in the next 24h if momentum persists.

Volume thrust: Bulge between 17:00–20:00 UTC with strong buying on pushes to new highs — institutional participation likely.
VWAP (day): Estimated ~4,700–4,710. Current price marginally above VWAP; intraday dips toward VWAP have been defended. Trading above a rising VWAP supports trend-follow.
Volume pattern: Strong on breakouts, lighter on pullbacks — hallmark of bullish continuation.

Ascending triangle/intraday shelf: Repeated resistance prints ~4,735–4,748 with rising swing lows (4,610 → 4,643 → 4,699). Height ~115–120 points. Measured move on breakout above 4,750 projects to ~4,865–4,870.
Bull flag micro: Tight consolidation from 18:00–21:00 under highs with shallow dips; typical continuation setup.

Price > Tenkan > Kijun; price well above a rising cloud with a bullish future Kumo twist. Chikou span above price — trend-confirmation. Any dip toward Kijun (approx high-4,680s/low-4,690s) is a buy-on-dip zone.

Value developing around 4,700–4,720; single prints near highs indicate acceptance is gradually shifting upward. Failure to accept below 4,700 despite attempts implies buyers control the tape.

From the Aug 1 low (~3,390) to Aug 9 (~4,264) as Wave 1, pullback to ~3,612 as Wave 2, now in an extended Wave 3 sequence targeting 4,850–4,900. Intraday, we appear in a minor iv consolidation under 4,750 with a v push likely into 4,840–4,880 in the next 24 hours.

A decisive hourly close below 4,655 (61.8% of the 4,610→4,748 leg) would dent the immediate bull case and risk a mean-revert to 4,620–4,630. Loss of 4,630 would open 4,600. That sets a logical stop area for a tactical long just below 4,650–4,655.

Base case (60%): Breakout and continuation. Early dip to 4,700–4,705/VWAP holds → push through 4,750 → extension to 4,820–4,870. Close in the 4,800–4,860 range.
Alternative bullish grind (25%): Range 4,655–4,750 most of the session, then late-day breakout to 4,800.
Bearish fade (15%): Failure to hold 4,700 leads to a deeper check of 4,655–4,660. If that fails, mean-revert to 4,630–4,640, but broader uptrend likely remains intact unless 4,600 breaks.

Thesis: Momentum continuation with shallow pullbacks; ascending triangle measured move targets ~4,865. Risk defined beneath 4,650s (Fib 61.8 / structural shelf). Favor buy-the-dip entries into 4,700–4,705 or breakout confirmation above 4,755 if dip does not fill.
Optimal entry (to maximize reward-to-risk): Limit buy near 4,705 (confluence of 38.2% Fib, VWAP vicinity, 20-EMA zone).
Target: 4,868 (triangle measured move; just below projected resistance cluster 4,870). Keeps profit-taking in front of likely supply.
Suggested stop (not part of order schema but essential): 4,652 (below 61.8% and recent structural pivot), yielding R:R ≈ (4,868−4,705)/(4,705−4,652) ≈ 163/53 ≈ 3.1:1.

Indicators are aligned bullish: EMA stack up, RSI constructive, MACD positive, price above VWAP/Ichimoku cloud, ascending triangle under resistance with strong volume on pushes. The path of least resistance remains up. Favor Buy on a controlled pullback to ~4,705 with a 24h take-profit near 4,868. If the market runs without dipping, breakout adds above 4,755 remain valid, but the dip entry provides superior R:R.