Ethereum (ETH) Price Today: Ethereum Holds Above $4,300 Amid Market Pullback, Hinting at Multiple Breakouts Ahead

Ethereum (ETH) price today is holding firm above $4,300 despite a broader market pullback, as bullish momentum builds on both technical and institutional fronts.

The upside momentum is fueled by rising corporate accumulation, strengthening Layer 2 activity, and a bullish market structure. With resistance levels now in sight, traders are watching closely for the next decisive move.

Market Overview: Ethereum Maintains Momentum

Ethereum’s resilience comes after a sharp rally from July’s low near $2,380, lifting prices to their highest levels since the last market cycle peak. The breakout above the $4,000–$4,100 supply zone on the weekly chart marked a significant shift in momentum.

Ethereum (ETH) was trading at around $4,311, up 0.78% in the last 24 hours at press time. Source: Ethereum Liquid Index (ELX) via Brave New Coin

On the 4-hour chart, ETH is trading within a rising wedge pattern, with immediate resistance at $4,352.88 and nearest support at $4,232.38. The 20-EMA is at $4,194.45 and the 50-EMA at $4,011.90, both well below the current price, reflecting a strong bullish structure.

Technically, a 4H close above $4,352 could pave the way for a run toward $4,460, and eventually the $4,800 “weak high” liquidity zone.

Institutional Interest: Corporate Buyers Outpace ETFs

While US-listed spot Ethereum ETFs continue to gather assets, corporate treasuries are emerging as a powerful force in ETH accumulation. Companies like SharpLink Gaming and BitMine Immersion Technologies have steadily increased their Ethereum reserves, often choosing direct holdings over ETF exposure.

SharpLink Gaming has raised $400 million from global investors to expand its Ethereum holdings beyond $3 billion, representing roughly 1% of the cryptocurrency’s total supply. Source: BSCN via X

“Publicly traded ETH treasury companies can stake their holdings and participate in DeFi, generating yield on top of price appreciation—something US spot ETFs cannot do,” said Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered.

Since June, Ethereum-holding corporations have purchased nearly as much ETH as all US-listed ETFs combined. Together, these firms now control roughly 1.6% of Ethereum’s circulating supply, bolstering market confidence.

Technical Signals: Breakout Levels in Focus

Ethereum’s RSI on the 30-minute chart stands at 55.10, suggesting balanced momentum, while the Money Flow Index (MFI) reading of 68.17 reflects strong capital inflows approaching overbought territory.

ETH/USD’s close above $4,000 signals potential for a new higher high, with the highlighted grey zone offering a favorable low-risk entry point. Source: Somayehbasiri on TradingView

Bollinger Bands on the 4H chart show price trading between the midline ($4,232.38) and the upper band ($4,352.88). A breakout above the upper band would signal a clean wedge resistance break.

Spot exchange data from Coinglass indicates net inflows of $842,850 on August 12, reinforcing buying interest between $4,250 and $4,300. This inflow trend suggests that dips toward support are likely to attract renewed demand.

Outlook: $5,000 and Beyond?

Analysts argue that sustained closes above $4,200 on both daily and weekly timeframes could position ETH for a swift move toward the$4.5K-$5K region. A decisive breakout past $5,000 may then open the path toward the cycle target of $10,000, supported by strong fundamentals, growing institutional interest, and Layer 2 ecosystem growth.

A potential bullish right-angled broadening formation is emerging on the weekly Ethereum chart, with confirmation pending a close and possible momentum boost from today’s CPI data. Source: Happy_Candles on TradingView

With the broader market heating up and Ethereum maintaining its position as the leading smart contract platform, the next breakout could define the remainder of this bull cycle.

Ethereum price today reflects consolidation after a strong rally, but with the technical and fundamental backdrop leaning bullish. Traders will be watching closely to see if $4,350 can be breached in the coming sessions.