Ethereum News Today: Ethereum Consolidates Near $4,904 After 48% July Surge

Ethereum’s price movement has intensified scrutiny from traders and analysts in early August 2025, as the cryptocurrency consolidates near pivotal resistance and support levels following a 48% surge in July. The altcoin has traded between $2,737 and $4,302, with the $4,904 level emerging as a critical threshold for a potential breakout. Technical analysis suggests that a sustained close above $4,000 could reinforce bullish momentum and push Ethereum toward a new all-time high, contingent on maintaining upward thrust [1].

The latest price action reveals mixed signals. On the hourly chart, ETH briefly breached $3,535 but failed to hold the level, signaling a false breakout [9]. Meanwhile, on the daily chart, the price has tested the $3,458 support zone without a strong rebound, hinting at ongoing bearish pressure. A continued decline could see ETH drop toward the $3,300–$3,400 range, or even test the $3,000 level if bulls fail to regain control [9]. At press time, Ethereum was trading at $3,499.

Looking further out, a July 31 forecast predicts Ethereum could hit $5,925 by year-end, offering a 2x return for early investors [4]. This outlook is supported by growing ETF inflows, including a $2.3 billion surge that has elevated ETH’s status relative to other major cryptocurrencies like XRP and Solana [6]. However, the market remains in a consolidation phase, with momentum oscillators pointing lower and on-chain metrics showing divergence. While daily active addresses have reached a two-year peak, Ethereum has yet to sustain key trendline levels, casting doubt on the durability of its rally [3].

Analysts are divided on the near-term outlook. Some believe Ethereum could dip to $2,800 before rallying toward $4,500, influenced by FOMC policy shifts and shifting trader sentiment [8]. Others argue that the current overbought RSI level of 66.17 signals a pause rather than a reversal, with a breakout above $4,904 likely to reignite bullish momentum [2]. Reports of BlackRock’s reported buying activity have further stoked optimism, with some viewing it as a potential catalyst for new highs in August [10].

Ethereum now stands at a crossroads. A successful breakout above $4,904 could unlock significant upside and validate the broader bullish narrative, while a failure to hold current levels could trigger a correction. Investors are closely monitoring ETF inflows, macroeconomic developments, and on-chain activity for signs of direction.

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Source:

[1] title: After 48% July Gain, Can Ethereum Break Key $4K ...

url: https://coinedition.com/ethereum-eth-price-july-performance-august-outlook/

[2] title: Ethereum Consolidates Amid 53.42% Gains, Awaits Bullish ...

url: https://www.ainvest.com/news/ethereum-news-today-ethereum-consolidates-53-42-gains-awaits-bullish-breakout-4-904-2508/

[3] title: Ethereum Price Prediction: Daily Active Addresses at 2- ...

url: https://cryptonews.com/news/ethereum-price-prediction-daily-active-addresses-at-2-year-peak-what-does-this-mean-for-eths-value/

[4] title: Buying Ethereum Now Could Give You 2x Profit by 2025 End

url: https://coinpedia.org/price-analysis/buying-ethereum-now-could-give-you-2x-profit-by-2025-end-heres-why/

[5] title: Ethereum Price Prediction: ETH Nears $4000 On ETF Surge

url: https://blockchainreporter.net/ethereum-price-prediction-eth-nears-4000-on-etf-surge-it-could-climb-toward-7000-or-more-if-momentum-holds/

[6] title: $2.3B ETF Inflows Suggest ETH Price To Lead XRP, Solana

url: https://coincentral.com/ethereum-price-prediction-2-3b-etf-inflows-suggest-eth-price-to-lead-xrp-solana-traders-eye-this-eth-token/

[8] title: Ethereum Price Forecast: FOMC Volatility Could Drop ETH ...

url: https://crypto-economy.com/ethereum-price-forecast-fomc-volatility-could-drop-eth-to-2800-again-but-these-2-coins-offer-stable-gains/

[9] title: Ethereum (ETH) Price Prediction for August 2

url: https://coinedition.com/ethereum-eth-price-prediction-for-august-2-2025/

[10] title: Ethereum Price Prediction: Blackrock Buying Could Trigger ...

url: https://coincentral.com/ethereum-price-prediction-blackrock-buying-could-trigger-new-highs-in-august-while-unil-already-up-30-in-july/