Ethereum News Today: Ethereum Rebounds From $4,480 as Bulls Target $4,720 Resistance

Ethereum has recently pulled back from the $4,780 level, correcting to as low as $4,480, raising questions about whether this dip could trigger another buying spree. The price has since stabilized and is attempting to form a new upward move from the $4,480 support zone, with bulls defending key levels such as the 50% Fibonacci retracement of the recent upward move [1]. On the hourly chart, Ethereum is currently trading above $4,550 and the 100-hourly Simple Moving Average, with a bullish trend line forming with support at $4,500 [1].

The recent price movement has been accompanied by increased volatility, with Ethereum gaining 2.73% on July 27 amid rising whale activity and growing institutional demand. This occurred against a backdrop of record options open interest and a 24-hour trading volume of $61.98 billion, which analysts have flagged as a potential risk for leveraged traders [2]. Meanwhile, whale activity in early August pointed toward overbought conditions for Ethereum and Bitcoin, suggesting a technical correction could be on the horizon [3].

Retail investors, however, remain optimistic. A sharp correction in the price quickly turned into a buying opportunity, with many treating the dip as a short-term pullback rather than a sign of a larger bearish trend [4]. This sentiment is echoed by Ethereum treasury activity, which has remained consistent as Ethereum-based ETFs continue to see record inflows [5].

Despite these positive signals, the broader market environment remains uncertain. Ethereum’s ability to sustain a new rally will depend on its performance relative to key moving averages and the continuity of demand from both institutional and retail investors. Analysts have pointed to divergences in technical indicators, suggesting the market may not yet be aligned for a sustained bull run [3].

Looking ahead, the next major resistance levels for Ethereum are $4,640, $4,680, and $4,720, with a break above $4,720 potentially opening the door to the $4,780 level and beyond. A sustained move above $4,780 could push the price toward $4,880 or even $5,000 in the near term [1]. On the downside, key support is currently at $4,500, and a breakdown below this level could send the price toward $4,400 and possibly $4,315 in the short term [1].

The coming days will be critical in determining whether this correction proves to be a buying opportunity or a deeper pullback. As the market consolidates, Ethereum’s price action will be closely watched for signs of a sustainable recovery or further downward pressure [1][4].

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Source:

[1] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-1041668-20250815](https://www.mitrade.com/insights/news/live-news/article-3-1041668-20250815)

[2] AInvest, [https://www.ainvest.com/news/ethereum-news-today-ethereum-rises-2-73-whale-activity-institutional-surge-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-rises-2-73-whale-activity-institutional-surge-2508/)

[3] Binance, [https://www.binance.com/en/square/post/28258598732113](https://www.binance.com/en/square/post/28258598732113)

[4] CryptoDnes.bg, [https://cryptodnes.bg/en/tag/snorter/](https://cryptodnes.bg/en/tag/snorter/)

[5] The, [https://www.theblock.co/category/stablecoins](https://www.theblock.co/category/stablecoins)