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Ethereum (ETH) Pulls Back to $4,289 After Testing $4,724 Annual High
The post Ethereum (ETH) Pulls Back to $4,289 After Testing $4,724 Annual High appeared on BitcoinEthereumNews.com. Rebeca Moen Aug 18, 2025 10:26 ETH price retreats 5.53% to $4,289 following massive whale accumulation and institutional inflows that drove Ethereum to yearly highs above $4,700 this week. Quick Take • ETH currently trading at $4,289.44 (-5.53% in 24h) • Ethereum’s RSI at 59.35 suggests neutral momentum after recent rally • Major whale purchased $1.34 billion in ETH over eight days • Standard Chartered raises year-end ETH price target to $7,500 What’s Driving Ethereum Price Today? The ETH price is experiencing a natural pullback after reaching its 2025 high of $4,724 just days ago. This correction comes despite overwhelmingly positive fundamental developments that initially drove Ethereum’s surge above $4,400. The most significant catalyst has been extraordinary whale activity, with a single investor accumulating $1.34 billion worth of ETH over eight days. This massive accumulation coincided with record inflows into U.S. spot Ether ETFs, signaling institutional confidence in Ethereum’s long-term prospects. Standard Chartered’s recent decision to raise their year-end ETH price forecast to $7,500 reflects growing institutional optimism. The bank cited improved industry engagement and rising ether holdings as key factors supporting their bullish outlook. The Securities and Exchange Commission’s increasingly favorable stance toward ether ETFs has also contributed to positive sentiment, with institutional investment continuing to flow into Ethereum despite today’s price decline. ETH Technical Analysis: Mixed Signals After Sharp Rally Ethereum technical analysis reveals a complex picture following the recent rally. The ETH RSI currently sits at 59.35, indicating neutral momentum after cooling off from potentially overbought conditions near the yearly highs. Ethereum’s MACD histogram shows a bearish divergence at -1.2281, suggesting short-term momentum may be shifting. However, the overall MACD line remains elevated at 275.18, indicating the underlying bullish trend remains intact. The moving average structure strongly supports Ethereum’s…
The post Ethereum (ETH) Pulls Back to $4,289 After Testing $4,724 Annual High appeared on BitcoinEthereumNews.com.
Rebeca Moen Aug 18, 2025 10:26 ETH price retreats 5.53% to $4,289 following massive whale accumulation and institutional inflows that drove Ethereum to yearly highs above $4,700 this week. Quick Take • ETH currently trading at $4,289.44 (-5.53% in 24h) • Ethereum’s RSI at 59.35 suggests neutral momentum after recent rally • Major whale purchased $1.34 billion in ETH over eight days • Standard Chartered raises year-end ETH price target to $7,500 What’s Driving Ethereum Price Today? The ETH price is experiencing a natural pullback after reaching its 2025 high of $4,724 just days ago. This correction comes despite overwhelmingly positive fundamental developments that initially drove Ethereum’s surge above $4,400. The most significant catalyst has been extraordinary whale activity, with a single investor accumulating $1.34 billion worth of ETH over eight days. This massive accumulation coincided with record inflows into U.S. spot Ether ETFs, signaling institutional confidence in Ethereum’s long-term prospects. Standard Chartered’s recent decision to raise their year-end ETH price forecast to $7,500 reflects growing institutional optimism. The bank cited improved industry engagement and rising ether holdings as key factors supporting their bullish outlook. The Securities and Exchange Commission’s increasingly favorable stance toward ether ETFs has also contributed to positive sentiment, with institutional investment continuing to flow into Ethereum despite today’s price decline. ETH Technical Analysis: Mixed Signals After Sharp Rally Ethereum technical analysis reveals a complex picture following the recent rally. The ETH RSI currently sits at 59.35, indicating neutral momentum after cooling off from potentially overbought conditions near the yearly highs. Ethereum’s MACD histogram shows a bearish divergence at -1.2281, suggesting short-term momentum may be shifting. However, the overall MACD line remains elevated at 275.18, indicating the underlying bullish trend remains intact. The moving average structure strongly supports Ethereum’s…
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