Ethereum (ETH) Price Prediction for August 24, 2025: Can ETH Hold Above $4,700 After Breakout?

The Ethereum price today is holding around $4,735, up 0.50% on the day, following a powerful breakout from a symmetrical triangle on the 4-hour chart. After testing lows near $4,200 last week, ETH surged to $4,800, reclaiming higher ground and confirming renewed bullish momentum. The question now is whether ETH can sustain this breakout or if short-term resistance will trigger a pullback.

What’s Happening With Ethereum’s Price?

The 4-hour chart shows that Ethereum has broken out of a structure that has been compressing for weeks. Price moved clearly above $4,600, confirming that the bullish trend would continue after it regained support in its rising channel. The breakout candle had more volume, which means that buyers were really participating.

Ethereum is now trading above important support levels between $4,600 and $4,650. Resistance levels above that are at $4,850 and then $5,000. It is very important to hold the current level, because if you don’t, the breakout zone near $4,450 could be tested again.

On-chain flows support the bullish view. On August 23, spot netflow…

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