Peter Smith
Ethereum's remarkable surge to fresh all-time highs has captured crypto markets worldwide, but the recent pullback from peak levels is raising critical questions about this bull run's sustainability.
Ethereum (ETH) Price Breaks All-Time High at $4,868
Ethereum crushed expectations in mid-August, blasting through resistance at $3,400 and $4,200 to hit $4,868. This represents one of 2025's most explosive rallies, leaving both moving averages far behind.
Currently trading around $4,447, ETH sits about 8.6% off its recent peak. According to X posts, traders are split - some calling for a push toward $5,000, while others think ETH needs to cool off before making another attempt at new highs.
Critical Support and Resistance Levels for Ethereum (ETH) Price
The $4,200 level has flipped from major resistance to solid support. If Ethereum holds above this zone, it sets up perfectly for another crack at $4,868 and potentially beyond.
If ETH slides below $4,200, the next major support sits around $3,400. Some analysts are eyeing a potential drop to $2,300 if that level fails, though that would represent a brutal correction.
What's Next for Ethereum (ETH) Price Action?
This parabolic move has been wild, but technical indicators are flashing overbought warnings. Market sentiment is at a crossroads - bulls point to ETH's authority in breaking resistance, while bears note the lack of follow-through after hitting $4,868.
Holding above $4,200 is crucial for the bullish case. If ETH consolidates here for a few weeks, it could build foundation for another leg higher. A decisive break above $4,868 would likely trigger fresh FOMO buying, potentially pushing Ethereum toward that $5,000 milestone everyone's talking about.
Peter Smith
