Ethereum News Today: Ethereum OBV Surges to 12.75M as Price Hits $4,300 Resistance

Generated by AI AgentCoin World
Monday, Aug 11, 2025 3:59 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum’s OBV surged to 12.75M on August 11, 2025, signaling renewed buying momentum as ETH approached $4,300.

- The breakout above a downward channel and bullish RSI/MACD confirm strong accumulation and positive technical momentum.

- Traders anticipate potential pullbacks to $4,000 or further gains toward $4,500–$4,800, with caution advised below $4,000.

Ethereum’s on-balance volume (OBV) has surged to 12.75M as of August 11, 2025, signaling renewed buying momentum amid ETH approaching $4,300. This breakout comes after weeks of consolidation between 9.0M and 10.75M, with the recent spike reflecting strong accumulation and a positive shift in market sentiment [1]. The indicator, which measures cumulative buying and selling pressure, has broken above a downward-sloping parallel channel formed in early August between 12.0M and 12.6M, reinforcing the likelihood of continued upward price action [1].

Ethereum’s price has risen to multi-month highs near $4,300, supported by rising trading volume and bullish technical momentum indicators. ETH had been trading in an ascending channel between $2,000 and $3,200 from April to June before accelerating past $3,600 in late July. The recent price strength is aligned with key technical indicators, including the Relative Strength Index (RSI) above 73 and a bullish MACD crossover in early August. The RSI indicates overbought conditions, while the MACD’s positive histogram of 37.47 and its position above the signal line confirm the ongoing bullish trend [1].

Traders can use OBV to validate price trends, as rising OBV alongside price gains typically signals strong accumulation. Conversely, a declining OBV may suggest weakening momentum. With OBV now at its highest levels since the consolidation phase, the indicator suggests that buyers are regaining control after a period of uncertainty [1].

Looking ahead,

Ethereum
could face short-term pullbacks toward $4,150 or $4,000 if overbought conditions trigger profit-taking. However, sustained buying pressure could push the price toward $4,500 and $4,800. Analysts caution that a drop below $4,000 would be an early sign of momentum exhaustion, likely leading to a retest of the $3,600 level [1].

Ethereum’s OBV breakout to 12.75M aligns with ETH’s price strength near $4,300 and reinforces a broader bullish narrative supported by volume and momentum metrics. As buying activity resumes, traders and investors may watch for key resistance levels and signs of trend continuation in the coming weeks.

Source: [1] Ethereum’s OBV Breakout to 12.75M Suggests Renewed Buying Momentum Near $4,300 (https://en.coinotag.com/ethereums-obv-breakout-to-12-75m-suggests-renewed-buying-momentum-near-4300/)