The key support levels of Ethereum (ETH) are important references for determining its price trend. Based on the information available as of August 23-24, 2025, I have outlined the relevant key support levels, resistance levels, and some analytical thoughts for you.

Below is a summary table of key price levels for ETH, making it easy for you to understand quickly:

Price Type Specific Location (USD) Remarks
Key support level 4050-4100 daily MA60 moving average, weekly level support, reference point for a healthy pullback
4200 is a significant support level in the near term, and if it breaks down, it may look down to 4120 or even 4050.
4550-4572 lower support tier
The recent lower edge of the range that has bounced back between 4660-4720.
Key resistance level 4380-4400, 100-hour moving average, Fibonacci retracement level (61.8%), important bull-bear watershed
After breaking 4750, it may open up upward space to 4966.
4850-5000 recent high point, the mid-term target after the breakout
Psychological level 4000 is an important psychological support level, and a break below it may trigger a deeper adjustment.

🔍 Current Technical Form and Indicators

In addition to static support and resistance levels, dynamic technical indicators and patterns can also provide important signals:

· Technical Indicators: The current RSI (Relative Strength Index) has just risen from the oversold area to near the 50 neutral zone, indicating that market sentiment has slightly warmed but has not entered a strong state. The MACD indicator's momentum in the bearish area has weakened, but a clear golden cross bullish signal has not yet formed.
· Chart Pattern: The ETH/USDT 4-hour chart has formed a bearish trend line. The price needs to effectively break through this trend line and hold above it in order to further confirm a short-term bullish trend.

🌐 Market Sentiment and Macroeconomic Impact

The price of digital currencies is influenced not only by technical factors but also closely related to market sentiment and the macroeconomic environment:

· Exchange net outflow: Recently, significant net outflows of ETH have been observed at spot exchanges, which usually indicates that investors are more willing to transfer tokens to private wallets for accumulation rather than keeping them on exchanges for sale, which could be seen as a bullish signal.
· Federal Reserve Monetary Policy: Fed Chairman Powell's dovish remarks at the Jackson Hole annual meeting (suggesting possible interest rate cuts) have provided optimistic sentiment to the market. Traders generally expect a high probability (85%) of the Fed cutting interest rates in September, which lowers the opportunity cost of holding non-yielding assets such as Ethereum, potentially benefiting the price.
· Correlation with US stocks: Ethereum has a certain positive correlation with US stocks (especially technology stocks). If the US stock market continues to decline, it may drag down the overall sentiment of the crypto market.

💡 Reference for operational ideas

Understanding the significance of key price levels is ultimately to assist in investment decisions:

· For short-term traders:
· Pay close attention to the reactions at support levels such as $4,600 - $4,650 and $4,200. If the price shows signs of stabilizing and bouncing back at these levels (for example, a bullish engulfing candlestick pattern or increased trading volume), you might consider taking a small long position and setting the stop loss below the support level.
· On the upside, if the price breaks through the $4,380 - $4,400 resistance area, it may open up short-term upward space, with the next important resistance level at $4,500** and even **$4,800.
· For long-term investors:
· The $4,050 - $4,100 range is an important long-term support area with a relatively high "risk-reward ratio." If the price retraces to this level and shows signs of stabilization, it may be worth considering a phased entry.
· Long-term goals can look towards previous highs of $4,800** and even **$5,000 as psychological levels.
· Always set a stop loss, for example, set the stop loss level below $4,000** or **$3,900 to control risk.

⚠️ Important Risk Warning

· Break below key support: If the price of Ethereum effectively breaks below $4,000** this key psychological level, it could trigger further selling, testing lower support levels of **$3,900 - $4,000** or even **$3,600**.
· High Leverage Risk: The current open interest in the derivatives market is at a high level, but the proportion of long positions being liquidated is also high. This indicates that the market leverage is high, and once there is a severe price reversal, it is likely to trigger a chain liquidation, exacerbating price volatility.
· Macroeconomic Uncertainty: Although the market expects the Federal Reserve to cut interest rates, the final decision and future economic data still carry uncertainty. If the Federal Reserve's stance turns hawkish or inflation data exceeds expectations, it could suppress the prices of risk assets.

💎 Let's summarize.

Overall, the current key support area for Ethereum is between $4,050 - $4,200, with closer support at $4,600 - $4,650; the primary resistance level is between $4,380 - $4,400. The price needs to hold the support and break through the resistance to confirm new upward momentum.

Please remember that this information mainly pertains to the market situation from August 23 to 24, 2025, and there may have been new changes in the market since then. The cryptocurrency market is highly volatile, and the above analysis is for reference only and does not constitute investment advice. Before making any decisions, be sure to conduct your own research and make careful judgments based on your own risk tolerance.

I hope this information can help you better understand the market. 🙏