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Ethereum at a Crossroads: $5,800 or $4,300?

Ethereum is once again at a crucial crossroads in its journey.

After testing the mythical threshold of $5,000, the market has been pushed into a corridor of patience. Today, August 26, 2025, ETH is trading around $4,735, and the story unfolding on the charts looks like a "spring compression" preceding a decisive movement. Ethereum at a crossroads: $5,800 or $4,300?

Whispers on short waves (1H)

On the hourly chart, the behavior of Ethereum resembles a silent duel.

Reduced body candles with long shadows resemble hesitant steps, each probing the weaknesses of the other side. The RSI hovers around 50, but each dip slightly rebounds, a subtle hint that demand is building in the background.

The MACD is drifting in a kind of lethargy, its histogram barely visible - like a dragon storing energy in its cave. The Bollinger Bands are tightening like a drawn string, and we know that when they break, the pullback will be abrupt.

The indicators show an RSI hovering around 50, a MACD in lethargy, Bollinger bands tightening, and a volume absorbing declines towards $4,600. Technical analysis of Ethereum on the hourly chart

The medium-term scene (4H)

On the 4-hour chart, the story changes tone.

Ethereum has drawn a classic bullish flag, the chapter of rest in a saga of upward momentum. It is the pause in the hero's journey before the next big ascent.

The RSI is forming higher lows, like the cautious steps of a climber approaching the summit. The MACD remains flat, whispering that the storm is still brewing. The Bollinger Bands are compressed to their limits, signaling that the silence cannot last much longer.

The battlefield is defined: 4,625 $ - 4,702 $ marks the key equilibrium zone. If this defense holds, the gates to 4,950 $ and beyond will open quickly. Technical analysis of Ethereum on the 4-hour chart

Yesterday's episode

August 25 brought drama at the doors of $5,000.

ETH hit $4,946 - a new peak, a glimpse of the legend. But resistance struck back. The candles printed long upper wicks, signs of profit-taking and weakening momentum. The pullback to $4,650 did not cause panic; on the contrary, buyers reappeared as loyal allies, preventing the story from collapsing. Price evolution of Ethereum on August 25, 2025

Predictions: two possible narratives

The bullish narrative is one of strength born in silence.

If ETH maintains the golden pocket at $4,548 - $4,625, momentum can rebuild. A new test of $4,950 - $5,000 is likely, and a breakout with volume could unlock the path to $5,200, then $5,800 ( - the legendary city of gold in this saga.

The bearish narrative is one of shadows.

If ETH slips below $4,548, the narrative shifts towards $4,440. Break that, and the descent could continue down to $4,300 - a darker chapter where confidence wanes and sellers take up the pen. !)[5]https://img-cdn.gateio.im/webp-social/moments-94b0957073-1caad287b4-153d09-6d2ef1.webp( Ethereum at a crossroads: $5,800 or $4,300?

The choice of traders

For bullish traders, ideal entries are around $4,600 - $4,625 with a stop below $4,520 and targets at $4,950, $5,200, and $5,800. Bears, on the other hand, should wait for a sign of weakness, consider a close below $4,540 as an entry signal, and aim for targets at $4,440 and $4,300. !)[6]https://img-cdn.gateio.im/webp-social/moments-94b0957073-835c8d386c-153d09-6d2ef1.webp( Ethereum price analysis: key levels between $4300 and $5800

Every trader must choose which side of the story they want to believe.

The Next Chapter

Ethereum is currently at a pause in its journey.

Every hour spent below $5,000 further tightens the spring, adding pressure to the inevitable movement. The stage is set, the actors are in place - only the direction of the script remains to be written.

The question is no longer whether Ethereum will move, but in which direction the spring will unwind.