Predicted Ethereum (ETH) Value for August 11th
In the opening week, Ethereum (ETH) is exhibiting strong momentum near significant resistance levels of $4,800 to $5,000, with potential for further rallies towards $6,000 and beyond if these levels are breached.
The short-term technical resistance zones are identified between approximately $4,200 and $4,800, which are crucial for confirming a bullish continuation. If these barriers are surmounted, Ethereum could potentially move higher.
Looking ahead, the near-term resistance levels for Ethereum in 2025 are projected to be in the range of $4,800–$5,500, with a possibility of a rally to $6,000 by the end of August if resistance is breached.
Institutional analysts forecast even higher prices for Ethereum in the long term. Standard Chartered predicts a target of $7,500 by the end of 2025, while emergent projects boosting Ethereum's ecosystem could push the price up to $8,888. Fundstrat’s Tom Lee sees a range of $10,000–$15,000 by the end of 2025, driven by ETF inflows, regulatory support, and institutional adoption.
More bullish forecasts suggest Ethereum could hit $15,000 to $20,000 in the current bull cycle, highlighting strong confidence in Ethereum’s dominance in DeFi, stablecoins, and corporate blockchain adoption.
The market trend at the start of the week suggests a bullish momentum approaching significant resistance near $4,800–$5,000, with a high likelihood of a push towards $6,000 and beyond if sustained. Longer term, resistance levels expand to $7,500 to $15,000+ depending on institutional adoption and macro factors such as interest rates and blockchain integration.
Meanwhile, Ethereum is currently trading at $4,290 at press time. On the hourly chart, the price is approaching the local resistance of $4,343. If buyers' pressure continues, a test of the resistance by tomorrow is still expected for Ethereum.
In contrast, Bitcoin (BTC) is experiencing a false breakout of yesterday's bar peak on the longer time frame. If the bounce back does not happen, sellers may take control, potentially leading to a drop to the $4,200 area for Bitcoin. From a midterm perspective, focus should be on the weekly candle closure and the $4,332 level for Bitcoin. If the $4,332 level is broken out on the weekly candle, there might be enough accumulated energy for a move to the $4,500 mark for Bitcoin.
It's important to note that this article does not provide a specific prediction for a drop in Ethereum's price if sellers seize control, nor does it mention any predictions for other altcoins or cryptocurrencies beyond Bitcoin and Ethereum. The market trend is growing, according to CoinStats, with increasing institutional inflows, ETF demand, the formalization of stablecoin use through recent regulatory frameworks, and widening blockchain adoption across Wall Street. These factors underline the significance of breaking key technical resistance around $4,800–$5,000 as a trigger for higher highs and reaching long-term targets.
- Despite the short-term technical resistance zones between $4,200 and $4,800, institutional analysts foresee higher prices for Ethereum, with Standard Chartered predicting a target of $7,500 by the end of 2025.
- Fundstrat’s Tom Lee sees a range of $10,000–$15,000 by the end of 2025, driven by ETF inflows, regulatory support, and institutional adoption, if Ethereum breaches resistance levels near $4,800–$5,000.
- As for Bitcoin, it's experiencing a potential drop if the bounce back does not happen, leading to a fall to the $4,200 area, as the market trend shifts focus towards Ethereum's upcoming resistance levels.
- The ongoing strong momentum near $4,800–$5,000 for Ethereum in the opening week is significant, given the market growth and the fact that breaking these resistance levels could lead to a push towards long-term targets.
%20Value%20for%20August%2011th){kind=link}