What Could Affect ETH’s Future Price? A Look at the Charts

• Ethereum has pulled back to ~$4,600 after a sharp rejection from its new all-time high over the weekend
• An analyst is using a historical fractal from the 2021 cycle to project a potential ETH price of $15,650
• Short-term indicators show weakening momentum, suggesting a period of consolidation or further correction

Ethereum’s price is at a critical juncture, with technical signals pointing to both a massively bullish long-term picture and a need for short-term caution. While analysts tracking historical patterns see a path for ETH toward targets as high as $15,650, the immediate market data shows volatility has returned.

The long-term bull case is based on a simple comparison to the last cycle. After Ethereum broke its previous all-time high in 2021, it rallied over 211%, peaking near the 3.618 Fibonacci extension level. According to analyst Mags, if that history repeats, the same 3.618 extension in the current market structure sits at $15,650.

Even a more conservative rally to the 1.618 Fib extension would still place the next major target at $7,500. This bullish outlook is why many are now looking at CoinEdition’s latest Ethereum (ETH) Price Prediction for August 25, 2025.

Short-Term Volatility Shows a Cooldown

That long-term view is being tested by the current price action. Over the past 24 hours, Ethereum fell 3.72% to $4,603 after a failed attempt to hold $4,775. The drop came on a surge of trading activity, with daily volume hitting $62 billion, a 121% increase. This high-volume reversal signals a period of intense profit-taking after the recent all-time high.

Indicators Signal a Market in Balance

Technical indicators show the market is now in a state of uncertainty. The Relative Strength Index (RSI) now reads 59.78, down from levels above 70 reached earlier in the week. The drop into neutral territory signals weakening momentum, with potential for stronger bearish pressure if the RSI slips below 50.

The Moving Average Convergence Divergence (MACD) line currently stands at 252.30, narrowly above the signal line at 250.93. The small margin of 1.37 points points to fading bullish momentum. A bearish crossover could drive ETH toward support near $4,400, while renewed strength could see retests of $4,900 resistance.

Related: Ethereum Price Analysis: Here is Why an ETH Revenge Rally is Next