After a long rally that took the Ethereum price from below $3,800 earlier this month to new multi-year highs, it is now holding steady above $4,750. The price is currently moving up in a well-defined channel, and during the day, it stays above both the VWAP and short-term EMA clusters. Bulls are now looking at the $4,870 resistance level, which is a key liquidity zone from past highs.
What’s Happening With Ethereum’s Price?
ETH price dynamics (Source: TradingView)
On the 30-minute chart, ETH is following an upward-sloping channel. The lower bound is acting as dynamic support near $4,723, and the upper bound is getting close to $4,870. The VWAP readings ($4,746 to $4,770) are in the middle of the channel, which means that buying pressure is balanced. The RSI is at 59.69, which means there is a slight bullish bias but no signs of being overbought right away. If momentum stays strong, this structure suggests that there is room for more upside.
ETH price dynamics (Source: TradingView)
From a daily perspective, Smart Money Concepts show ETH breaking multiple prior equal highs and reclaiming structure with consecutive bullish CHoCH and BOS signals. The most recent liquidity sweep has pushed price into the $4,866 to $4,871 supply zone, where profit-taking may emerge. No significant downside break has occurred, keeping the bullish market structure intact.
Why Is The Ethereum Price Going Up Today?
ETH price dynamics (Source: TradingView)
A strong bullish Supertrend on the 4-hour chart underpins the Ethereum price rally, with the current trend flip support at $4,504.88. DMI confirms strength, with +DI at 52.91 comfortably above -DI at 33.88 and ADX rising at 6.50, showing trend persistence.
ETH price dynamics (Source: TradingView)
Bollinger Bands on the 4-hour timeframe are expanding, with price riding the upper band at $4,893, signaling volatility expansion in favor of buyers. The EMA stack (20 EMA at $4,524, 50 EMA at $4,253, 100 EMA at $4,013, and 200 EMA at $3,703) remains fully bullish, all well below current price action, offering layered dynamic support.
ETH price dynamics (Source: TradingView)
Weekly volume profile highlights that ETH is now trading inside a high-activity supply zone, with the major resistance cluster topping near $4,869.47. This level aligns with the upper channel target.
On-Chain Flow Signals Reduced Selling Pressure
ETH On-Chain Data (Source: Coinglass)
Spot netflow data shows a net outflow of approximately -$55.46M on August 14, indicating reduced exchange supply and a tilt toward accumulation. This aligns with recent sessions where persistent negative netflows have supported upward momentum.
The combination of reduced sell-side liquidity, strong technical structure, and sustained demand suggests that bulls still hold the advantage heading into the next session.
Price Indicators, Signals, and Short-Term Setups
Momentum indicators point to sustained bullish control. RSI remains stable below overbought levels, while MACD on the intraday frames maintains a bullish histogram. The rising channel structure provides a clear framework. A breakout above $4,870 could trigger a push toward $4,950 and potentially $5,000, while failure at this resistance may lead to a retest of the $4,720 to $4,746 VWAP zone.
If the mid-channel and VWAP fail to hold, deeper pullback support emerges near $4,504 (Supertrend) and $4,485 (Bollinger Band midline), with the EMA20 close by as secondary support.
ETH Price Prediction: Short-Term Outlook (24h)
In the next 24 hours, Ethereum price today will likely remain focused on the $4,870 resistance. If the price confirms a breakout above this level with volume, it could potentially reach $4,950 and $5,000. If rejection occurs, the primary downside watch is $4,720, with deeper pullbacks potentially testing $4,504 before bulls attempt another leg higher.
The bias stays bullish while ETH trades above the $4,500 to $4,520 zone, with market structure and on-chain flows still favoring buyers.
Ethereum Price Forecast Table: August 15, 2025
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