Saad Ullah
Ethereum just had traders hitting the panic button. On August 20, ETH crashed from $4,329 to below $4,150, leaving everyone asking: is the 2025 bull market actually over?
While retail investors panicked, smart money stepped in. Whales created a solid floor above $4,200, basically telling the market "we're not done here."
Why ETH Bulls Think This Crash Is Actually Bullish
Want proof big money isn't worried? A US government fund wallet bought $332,460 worth of ETH right during the crash. They now hold 65,232 ETH worth about $281 million.
Dan Tapiero from Growth Equity Fund 50TFUND is even more bullish. He thinks Bitcoin and Ethereum are just getting started, thanks to favorable US regulations and both assets now accepted as legitimate collateral.
All eyes are on Friday's Jackson Hole summit where Fed Chairman Jerome Powell will speak. If Powell sounds dovish, analysts expect ETH could rocket to new all-time highs.
Ethereum (ETH) Technical Analysis Shows Hidden Bullish Signal
The 4-hour ETH/USD chart is forming an inverse head and shoulders pattern – typically very bullish. The magic number to watch is $4,600. If ETH breaks above it, we're looking at a target of $4,872.
The RSI sits at 46 – neutral territory, giving ETH room to run without hitting overheated conditions.
ETH holds current support and pushes toward $4,600, we could see a serious breakout. The 2025 bull market isn't dead – it might just be taking a breather before the next leg up.
Saad Ullah
