Ethereum (ETH) Price Prediction for August 26

The ETH price is around $4,715 right now, after a quick drop from the $4,900 zone. This pullback comes after a big rally earlier this week, when ETH broke out of a bullish channel and briefly tested new highs above $4,950. But the momentum has slowed down, and sellers are trying to force a deeper retest of important supports. In the next 24 hours, it will be very important to see if the price of Ethereum settles down or drops into the $4,500–$4,550 range.

Ethereum Price Forecast Table: August 26, 2025

What’s Happening With Ethereum’s Price?

Ethereum price has been moving up in a steep channel since mid-July, going from $3,500 to last week’s high of about $4,950. The structure is still there on the daily chart, but the most recent rejection shows that it might be weak in the short term. The top of the channel, which is around $4,900, was resistance, and the middle line, which is near $4,700, is now immediate support.

The Smart Money Concept levels show a recent Break of Structure (BOS) near $4,950. The price is now going back to test liquidity clusters between $4,680 and $4,720. The Parabolic SAR has also moved above the price, which supports the corrective tone.

Spot inflows, as tracked by Coinglass, also turned moderately negative, suggesting mild profit-taking after the latest rally, which typically signals reduced buy-side conviction and a potential pause in upward momentum.

Why Is The Ethereum Price Going Down Today?

The reason why Ethereum price going down today lies in a confluence of technical exhaustion and reduced inflows. On the 30-minute chart, ETH slipped below VWAP and consolidated under $4,750, signaling a weakening bid. RSI has cooled to 39.8, reflecting bearish momentum after an overbought spike earlier in the week.

The 4-hour EMA cluster paints a mixed picture. ETH remains above the 20 EMA at $4,670 and the 50 EMA at $4,528, but momentum is flattening. A break below the 20/50 EMA confluence could trigger acceleration toward $4,350–$4,400. On the 4-hour timeframe, Bollinger Bands show price rejecting the upper band near $5,027 and drifting back toward the mid-band at $4,685. 

Indicators Signal Cooling Momentum

Supertrend support is holding near $4,554, making this level critical for bulls to defend. A clean close below it could trigger further downside. Meanwhile, the Directional Movement Index (DMI) shows -DI crossing above +DI, confirming near-term bearish pressure. 

Fibonacci retracement levels highlight $4,530 (0.382) and $4,270 (0.5) as key downside checkpoints if current levels give way. Despite the correction, weekly charts still show Ethereum trading in a healthy uptrend above $4,100. As long as the ascending channel holds, the macro bias remains bullish, with $5,200 and $5,500 still in play once consolidation ends.

ETH Price Prediction: Short-Term Outlook (24H)

In the short term, Ethereum price volatility is likely to remain elevated. A sustained hold above $4,700 could see ETH retest $4,850 and $4,920, reopening the path toward $5,000. However, if $4,700 fails, bears could extend the retracement toward $4,530 and possibly $4,270.

Derivatives data continues to show elevated open interest, suggesting leveraged traders remain active. This raises the odds of sharp swings, particularly if ETH breaks below support with volume.

For now, bulls must reclaim $4,750 to regain momentum, while a loss of $4,680 would tilt bias toward a deeper pullback.