Prices for Ethereum are at a critical time, and technical signals point to both a very bullish long-term picture and a need for short-term attention. Analysts tracking historic patterns are looking at ETH’s path to a $15,650 target, but market data for the time being shows that volatility has returned.
The long-term bull case is based on a simple comparison with the last cycle. After Ethereum beat its previous all-time high in 2021, it peaked near the 3.618 Fibonacci expansion level, rising above 211%. According to Analyst Mags, if that history repeats itself, the same 3.618 extension to the current market structure is $15,650.
Will #ethereum cost $15,650?
The last cycle in which ETH surpassed the previous ATH rose +211%, peaking at 3.618 FIB expansion level.
ETH is the first time that it surpasses ATH in this cycle, with the 3.618 FIB expansion level at $15,650.
Even numbers…pic.twitter.com/f7tbijmyqw
– Mags (@thescalpingpro) August 25, 2025
1.618 Even a more conservative gathering to the FIB extension lists its next major target at $7,500. This bullish outlook is why many are looking at the latest in Connection right now Ethereum (ETH) Price Forecast for August 25th, 2025.
Short-term volatility shows a cooldown
That long-term view is being tested by current price action. Over the past 24 hours, Ethereum fell 3.72% to $4,603 after a failed attempt to win $4,775. The decline was accompanied by a surge in trading activity, with daily volumes reaching $62 billion, a 121% increase. This massive inversion signals a period of intense profits after recent history’s highest.
The indicators show a balanced market
Technical indicators indicate that the market is in a state of uncertainty. The relative strength index (RSI) reads 59.78 from levels above 70 reached at the beginning of the week. Drops into the neutral region weaken momentum and have the potential to bear pressure if the RSI slides below 50.
Source: TradingView
Currently, the moving average convergence branch (MACD) line is 252.30, slightly above the signal line at 250.93. A small margin of 1.37 points refers to a waning of ferocious momentum. A bearish crossover can drive ETH to support nearly $4,400, but updated strength can see a retest of $4,900 resistance.
Related: Ethereum Price Analysis: Here’s why ETH Revenge Rally is
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