August 2025 has been a milestone month for Ethereum investors as the cryptocurrency hit new records twice, peaking at $4,953.
Current ETH Price Scenario
As of August 28, Ethereum hovered around $4,587, roughly 7% below its fresh all-time high. The support at $3,900 remains critical for maintaining bullish momentum. If ETH can hold above this level, further upside towards the significant target of $5,790 is possible.
ETH Price Prediction: Key Signs for Growth
Several technical indicators suggest that Ethereum is poised for another upward move. Key signs that traders are watching include a bullish market structure characterized by higher highs and lows, as well as maintaining volume during consolidation. Reaching $5,790 will depend on sustaining current momentum.
ETH Price Prediction Based on Current Situation
Despite the recent highs, maintaining the $3,900 level will be critical for further upward movement. Should this level falter, a potential correction could follow, delaying any further bullish scenarios. Analysts must closely monitor the current market dynamics.
By observing Ethereum's movements, analysts expect that support at $3,900 will be significant for further price growth toward $5,790. Investors should closely watch the unfolding situation.
