Ethereum : A Key Resistance Despite the Storm
Ethereum has experienced a correction of over 2% in the past 24 hours, briefly dropping below $4,500. This decline is part of a broader pullback in the crypto market, which has erased more than $240 billion in value. Despite this strong selling pressure, Ethereum’s technical signals and on-chain metrics suggest that bulls haven’t lost control.
Ethereum recorded one of the largest daily inflows to exchange platforms in 2025, with 2.6 million ETH moved on August 14. This significant influx signals potential selling pressure, partly due to recurring sales from Ethereum Foundation wallets.
However, inflows from large holders, who typically accumulate during bearish phases, have continued to increase. Over the last 90 days, this metric has jumped by 255%, demonstrating that purchasing power is absorbing the available supply. This dynamic is essential for maintaining Ethereum’s bullish structure.
ETH Technical Analysis : Bullish Potential Remains Intact
From a technical perspective, Ethereum’s price has remained in a bullish trend, with the $4,480 zone acting as solid support during the recent decline. The next key resistance is at $4,785, an important Fibonacci level. A breakthrough above this threshold could pave the way for a test of the psychological $5,000 level.
Despite the recent selling wave, technical indicators, such as the bull-bear power, continue to favor buyers. As long as the price doesn’t decisively break below $4,480, accompanied by a sustained increase in exchange inflows and a retreat in large holder entries, the bullish scenario remains viable.
Although Ethereum has experienced significant selling pressure in recent days, on-chain and technical signals remain broadly favorable to bulls. The absorption of supply by large investors seems capable of counterbalancing sales. Thus, the psychological $5,000 level remains a realistic target in the medium term, provided that the positive momentum continues.
How to buy ETH on Bitget ?
Ethereum’s potential rise offers attractive opportunities for investors. Here’s how to capitalize by easily buying ETH on Bitget :
- Sign up with Bitget : Create an account on Bitget using an email address or phone number, then complete KYC verification.
- Deposit funds : Fund your account with fiat (credit card, bank transfer) or cryptocurrencies such as USDT or BTC.
- Access the ETH market : In the “Spot Trading” section, select the ETH/USDT or ETH/BTC pair.
- Place an order : Choose a market order for immediate purchase or a limit order to set your price. Confirm the amount.
