Today’s Ethereum price is around $4,280. It’s up 1.3% since the last session, but is still below the $4,355 resistance level. ETH hit a high of around $4,792 earlier this month, but has since fallen within the downward channel. Sellers protect supply bands ranging from $4,400 to $4,450. The Bulls need to show strength by regaining this area. Otherwise, you risk dropping to another $4,100.
Ethereum price forecast table: August 23, 2025
What will be the price of Ethereum?
ETH Price Dynamics (Source: TradingView)
ETH’s daily chart shows the series of powerful structures that have pushed prices to $4,700 from $2,000 in April. However, recent candles show character changes (Choch), with fluidity moving and weak formations of nearly $4,750. The nearest demand zone is between $3,500 and $3,600. This means that if the bearish trend continues, this is still the main area of support.
ETH Price Dynamics (Source: TradingView)
In the four-hour time frame, Fibonacci’s retracement level outlines the current struggle. The price is hovering at the 0.382 level ($4,343), but a 0.5 retracement ($4,428) and a 0.618 retracement ($4,511) form immediate resistance. The refusal here can be seen to ensure that the ETH remains locked within the correction cycle, but breakouts above 0.618 could resume the road to $4,636 and $4,792.
The DMI on the 4-hour chart shows that ADX holds -di above.
Why are Ethereum prices falling today?
ETH Price Dynamics (Source: TradingView)
On the 30-minute chart, the RSI was cooled to 46.0 after failing to maintain above 57.0. Meanwhile, VWAP has shown that ETH transactions are below $4,304, and signal prices are struggling to maintain session value levels. The 4-hour chart descending channel continues to compress prices, with resistance being nearly $4,380-4,400 and being rejected multiple times.
ETH On-Chain Activity (Source: Coinglass)
Exchange flow data also enhances short-term attention. The net spill has dominated the past month and supported summer rallies, but on August 22 it showed a remarkable net inflow of $138 million.
Bollinger Band, Emma, Channel Structure
ETH Price Dynamics (Source: TradingView)
The 4-hour Bollinger band is relatively wide, with ETH testing a midband that is close to $4,280. Below this level, the focus shifts to the lower band at $4,103. At the same time, EMA clusters draw complex pictures. ETH holds 20 EMA ($4,280), but below 50 EMA ($4,306) and 100 EMA ($4,412). The $3,956 200 EMA still supports a major upward trend, but the short-term signal has been revised.
ETH Price Dynamics (Source: TradingView)
The descending parallel channels highlight this dynamic. The price is fixed between $4,100 support and $4,400 resistance. Each rejection near the upper boundary leads to a sharp daytime decline, indicating that the Bulls have not yet regained their certainty.
ETH Price Forecast: Short-term Outlook (24 hours)
Over the next 24 hours, the Ethereum Price Action will be pivoting between $4,280 and $4,300. If ETH clears $4,400 on volume, a $4,511 (FIB 0.618) test and a $4,636 test could soon follow. On this, $4,792 is the next major target.
On the downside, it could potentially expose $4,135 first, with $4,066 and $3,955 as deeper downside levels as they failed to hold $4,280. Given the increased influx of exchanges and channel resistance, the short-term bias is leaning from neutral to barish unless the bull convincingly regains $4,400.
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