ETH prices are now around $4,715 after a quick drop from the $4,900 zone. The pullback comes after a big rally earlier this week when ETH broke out from bullish channels and temporarily tested a new high above $4,950. But momentum is slowing down, with sellers trying to force a deeper retest of critical support. It is very important to see if Ethereum prices will settle or fall into the $4,500-4,550 range over the next 24 hours.
Ethereum price forecast table: August 26, 2025
What will be the price of Ethereum?

ETH Price Dynamics (Source: TradingView)
Ethereum prices have been rising sharply since mid-July, reaching around $4,950 last week’s high from $3,500. The structure is still on the daily charts, but it shows that the latest rejection may be weak in the short term. The top of the channel, which costs around $4,900, is resistance, with an intermediate line that is near $4,700 instantly supported.
The Smart Money Concept Level shows a recent break (BO) in a structure that is close to $4,950. Prices are currently back to test liquidity clusters between $4,680 and $4,720. Parabolic SAR also outspends the price and supports a corrective tone.

ETH Spot Inflow/Outflow (Source: Coinglass)
As Coinglas tracks, spot inflow also became moderately negative, suggesting that it had a mild profit after the latest rally.
Why are Ethereum prices falling today?

ETH Price Dynamics (Source: TradingView)
The reason for the price of Ethereum today is the confluence of technical fatigue and reduced inflows. On the 30-minute chart, ETH slipped under VWAP and consolidated for under $4,750, indicating a weaker bid. The RSI has cooled to 39.8, reflecting the bearish momentum following overbuyed spikes at the beginning of the week.

ETH Price Dynamics (Source: TradingView)
The 4-hour EMA cluster draws a variety of pictures. The ETH is $4,670 over 20 EMA and $4,528 over 50 EMA, but the momentum is flattened. A break below the 20/50 EMA confluence could trigger an acceleration from $4,350-$4,400. In the four-hour time frame, Bollinger Bands rejected upper bands with prices close to $5,027, indicating they are drifting towards the midband at $4,685.
The indicator signals cooling momentum

ETH Price Dynamics (Source: TradingView)
SuperTrend Support holds nearly $4,554, which is important for bulls to protect. A clean closure underneath can cause further downsides. Meanwhile, the Directional Motion Index (DMI) indicates the +DI crossing above -DI, confirming short-term bearish pressure.

ETH Price Dynamics (Source: TradingView)
Fibonacci’s retracement level highlights $4,530 (0.382) and $4,270 (0.5) as the main downside checkpoints if the current level gives way. Despite the revisions, the weekly chart still shows Ethereum trades on healthy uptrends of over $4,100. As long as the rising channels are retained, the macro bias remains bullish, with $5,200 and $5,500 still being played once integration is over.
ETH Price Forecast: Short-term Outlook (24 hours)
In the short term, Ethereum price volatility could continue to rise. With a sustained hold of over $4,700, ETH Retest will win $4,850 and $4,920, reopening its path to $5,000. However, if $4,700 fails, the Bears could extend their retracement to $4,530, or in some cases $4,270.
Derivative data continues to show an upward and open interest, suggesting that leveraged traders are still active. This increases the chances of sharp swings, especially when ETH is below support on volume.
For now, the Bulls will need to regain $4,750 to regain momentum, but the $4,680 loss will tilt the bias towards a deeper pullback.
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