Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
ETH Ethereum (ETH) rallies about 30% and market sentiment hits three-month low
Ethereum (ETH) rallies about 30% after pessimism hit a three-month low, reaching US$2,420, and analysts are focusing on the next level of resistance.
Key Points:
ETH rose more than 5% on Friday, trading above $2,380 after hitting $2,420. Data showed that the weighted sentiment indicator hit a three-month low on August 17, two days before this round of gains. Analysts are currently focusing on $2,465 and $2,900 in the short term, while $4,700 is the key medium-to long-term breakthrough level.
Ethereum rebound signal
Ethereum extended its gains on Friday, hitting $2,420 for the first time in months after rising more than 5% and breaking past $2,380. According to market data, its seven-day weighted sentiment average turned negative and fell to its lowest point in at least three months on August 17.
On August 18, the ETH large selling warning signal was triggered once, with an amount of approximately US$7.55 million, compared with five similar incidents per week in the previous two weeks. Exchange balances also fell to approximately 6.54 million ETH, setting a record low for the same period.
The macro environment also provided support, with the U.S. Treasury expanding the scale of long-term bond buybacks and a record wave of short liquidations in the market. Market analysis pointed out that pessimism was not the trigger for this round of gains, but when a large number of short positions caused ETH to rise sharply, more traders were exposed to risks.
Analysts 'price target for ETH
One analyst said that as long as ETH remains above $2,000, it is expected to continue to rise. He sees $2,465 and potential $2,900 as the next upside target, and points out that a higher high will mean the bear market is over.
Another analyst pointed out that Ethereum has risen more than 55% from the US$1,500 accumulation area, with US$4,700 becoming the next major resistance level and breakthrough point. Its chart shows that a successful breakthrough is expected to look towards US$10,000, US$15,000 or even US$20,000, but these figures are still long-term technical goals and not confirmed price results.
Other analysts compared the current trend with the situation in April 2025, when Ethereum bottomed out around $1,500, when prices consolidated for several weeks below $1,950 before launching a surge towards $2,400. He expects sideways consolidation and believes that there may be a correction first. At the same time, the U.S. spot Ethereum ETF recorded a net inflow of more than US$220 million on August 20, compared with US$189 million the day before.
The 2025 rebound starting at about US$1,500 is the most similar reference in the near term. The US$2,000 support level and the US$4,700 resistance level will become important reference indicators for judging whether the current recovery can be sustainable.
