Forecast on Ethereum (ETH) Value for August 13th
The crypto market is soaring to new heights today, according to CoinStats, with Ethereum (ETH) leading the charge. As of August 23, the second-largest cryptocurrency by market cap is trading at $4,656, reflecting a 4.74% increase over the last 24 hours.
Denys Serhiichuk, a market analyst at U.Today, predicts a generally sideways to mildly bullish trend for Ethereum for the rest of August 2025. According to his analysis, Ethereum is approaching a local resistance at $4,336. If it manages to break this level, growth is expected to continue toward $4,400. A likely trading range between $4,300 and $4,500 is predicted, with a midterm possibility of testing higher levels around $4,800 to $5,000 if weekly closes hold above $4,093 support.
However, the short-term outlook is not without risk. If the daily bar closes with a long wick and below $4,639, a drop to the $4,300 zone may occur. On the hourly chart, Ethereum's rate is decreasing after a false breakout of the local resistance of $4,712.
Despite the short-term risks, the midterm view remains cautiously optimistic. If the weekly candle closes around current prices, a test of the $5,000 area by the end of the month is expected. It's worth noting that no reversal signals have been observed from the midterm point of view.
Meanwhile, the price of Dogecoin (DOGE) may test the support level by tomorrow if the decline continues.
In summary, Ethereum's price is expected to fluctuate within a range of $4,300 to $4,817 in the short term. However, if support levels hold, the price could retest $4,800–$5,000 in the midterm. A weekly close below $4,093 support might lead to a drop toward $4,500, indicating some risk of short-term retracement. Nevertheless, the overall midterm view remains cautiously optimistic.
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