Ethereum News Today: Ethereum Holds Above $4,400 Support Amid 4.83% Daily Drop and Volatility Surge

Ethereum (ETH) has held above the key $4,400 support level following a recent pullback, with technical indicators suggesting that the asset could still retest the $4,600 resistance in the medium term. On August 15, 2025, the price briefly dipped below $4,400 amid heightened market uncertainty and unexpected U.S. inflation data [1]. ETH closed at $4,414.86, representing a 4.83% decline for the day, with 24-hour trading volume dropping sharply by nearly 28% [2]. The market cap stood at $532.9 billion, while the 24-hour trading volume fell to $49.93 billion [2].

On the 4-hour chart, ETH is retesting former resistance levels that have now become support, aligning closely with the 50 EMA. This confluence has been historically significant in triggering bullish follow-through from consolidation periods [4]. Analysts note that if Ethereum maintains stability above $4,350, it could regain upward momentum and potentially retest $4,600 in the coming weeks [4].

The recent price action reflects a controlled correction rather than panic selling. Ethereum maintains a healthy market-to-volume ratio of 9.56%, indicating that the decline is largely attributable to profit-taking rather than broad-based bearish sentiment [2]. In a post on X, Alpha Crypto Signal highlighted that the RSI remains neutral but shows positive momentum, suggesting that the market still has room for an upside move [4]. The accumulation pattern seen around this price range further supports the idea that buyers are stepping in to support the asset [4].

Longer-term fundamentals remain intact, with Ethereum’s supply currently standing at 120.7 million ETH. The post-merge improvements, including the burn mechanism, continue to reduce net issuance, reinforcing Ethereum’s structural bull case [7]. Market strategists emphasize that a successful defense of the $4,400 level is crucial for maintaining the broader bullish narrative. A breakdown below $4,350 could open the door to further losses, with $4,200 as a potential next target [4].

Despite the recent decline, Ethereum remains above key technical levels, and the broader market conditions—such as strong on-chain activity and steady liquidity—suggest that the asset is not in a long-term bearish phase. Institutional demand, including continued Ethereum accumulation by companies like SharpLink, could also play a role in stabilizing the price [5]. However, analysts caution that while Ethereum has shown resilience, any further breakdown below $4,170 would invalidate the current bullish structure and potentially lead to a deeper retracement toward $3,950 [7].

Source:

[1] https://www.ainvest.com/news/ethereum-news-today-ethereum-dips-4-400-volatility-inflation-concerns-2508/

[2] https://bravenewcoin.com/insights/ethereum-eth-price-today-ethereum-dips-below-4-5k-as-sharplink-reports-103m-quarterly-loss

[4] https://t.signalplus.com/crypto-news/detail/ethereum-okx-dips-below-4400

[5] https://cryptonews.com/news/ethereum-price-prediction-will-sharplinks-massive-eth-holdings-offset-revenue-decline/

[7] https://blockchain.news/news/20250816-eth-price-retreats-to-4415-despite-bullish-institutional-momentum-key