Ethereum News Today: Ethereum Nears $4,353 Resistance Amid Bullish EMA and Weekly Breakout

Generated by AI AgentCoin World
Tuesday, Aug 12, 2025 4:01 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum (ETH) trades near $4,293, rebounding from July lows, forming a rising wedge pattern with key resistance at $4,352.88 and support at $4,232.38.

- EMA indicators remain bullish (EMA20: $4,194.45; EMA50: $4,011.90), while Bollinger Bands suggest potential breakout above $4,352.88 or retest of EMA20 if price drops.

- A 4H close above $4,352.88 targets $4,460–$4,800, but a break below $4,232.38 risks bearish continuation toward $4,111.89, with MFI (68.17) signaling overbought caution.

- Short-term inflows ($842.85K on Aug 12) and VWAP at $4,284.64 support bullish sentiment, though volatility remains elevated near critical support/resistance levels.

Ethereum (ETH) is currently trading near $4,293.74, having rebounded from July’s low of around $2,380. On the 4-hour chart, the price has moved into a rising wedge pattern, with key resistance near $4,352.88 and immediate support at $4,232.38. The EMA stack remains bullish, with the EMA20 at $4,194.45 and EMA50 at $4,011.90, indicating strong upward bias. ETH’s price has also broken through a long-standing descending resistance on the weekly chart, pushing into a fresh supply zone above $4,800, the next major liquidity level [1].

The Bollinger Bands on the 4H chart show ETH is currently between the upper band ($4,352.88) and the midline ($4,232.38). If the price moves above the upper band, it could signal a clean breakout of the wedge pattern. A drop below the midline, however, could lead to a retest of the EMA20 at $4,194.45 and possibly the lower band at $4,111.89 [1].

On shorter timeframes, ETH is trading within a mild ascending channel on the 30-minute chart, with VWAP at $4,284.64. RSI stands at 55.10, with a signal of 54.95, indicating balanced momentum without a strong directional bias. Holding above $4,284.64 supports bullish sentiment, while a drop below $4,265.52 could trigger a deeper test of the 4H midline [1].

In terms of flow data, August 12’s spot exchange netflow recorded a modest $842.85K inflow at $4,293.02. This suggests that buying interest remains active in the $4,250–$4,300 range, potentially stabilizing price during short-term pullbacks. Dips toward $4,232.38 may continue to attract demand, cushioning further declines [1].

Analysts highlight that a 4-hour close above $4,352.88 would confirm a wedge breakout, with the first target at $4,460 and the next at $4,800. A 30-minute close above the VWAP upper band at $4,303.76 would serve as a trigger confirmation. However, a close below $4,232.38 would invalidate the bullish setup and suggest a bearish continuation toward $4,194.45 and further to $4,111.89 [1].

The MFI reading of 68.17 indicates high capital inflows, moving toward overbought territory, which could signal a slowdown in the immediate upward trend. Despite this, the overall EMA structure and weekly breakout remain favorable for further upside [1].

Confidence in the short-term outlook is high, given the bullish technical indicators and recent breakout. However, the wedge pattern and elevated MFI underscore the risk of volatility should support levels break [1].

Source: [1]

Ethereum
(ETH) Price Prediction for August 13, 2025 (https://coinedition.com/ethereum-eth-price-prediction-for-august-13-2025/)