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Ethena
Key Insights:
- Ethereum (ETH) is poised to hit the $4,850 level if the asset clears the $4,370 resistance level.
- Experts predict that $5,210 and $6,946 are the next targets for Ethereum.
- $43.40 million worth of short positions were liquidated in the past four hours.
Ethereum price has finally ended its prolonged resistance, which it has been consistently facing for the past three days after breaking out of the $4,000 mark. Following this breakout, the world’s second-largest cryptocurrency has opened its path for a massive price uptick, which may also trigger a new high.
Ethereum Price and Rising Trading Volume
Today, on August 12, 2025, following the opening of the US market, the Ethereum price has jumped 4.5% and stands at $4,490 level for the first time since 2021. This notable surge in the asset has triggered massive participation from investors and traders, leading to a 21% surge in the trading volume recorded.
This surge in the trading volume and price suggests strong upside momentum and has long-term potential.
Experts’ Bold Prediction for ETH Price
Following this notable surge in the ETH price, a post by a crypto expert is garnering significant attention from the crypto community.
Today, before this rally, a well-followed crypto expert shared a post on X, noting that if the ETH price breaks out of the $4,330 mark, it could propel the Ethereum price to $4,750 level.
Additionally, another prominent crypto expert shared a post noting that $5,210 and $6,946 are the next targets for the Ethereum price. These bold predictions by crypto experts were based on the MVRV price bands. This post on X also gained widespread attention and went viral.
Ethereum Price Action and Technical Analysis
Besides these predictions, Ethereum technical analysis hints that the asset has finally turned in an uptrend and is poised for a massive price uptick.
On the four-hour chart, the price of Ethereum has been consolidating in a tight range following the breakout of $4,000. Still, this consolidation has broken out, and the asset has begun moving parabolically.
Based on recent price action and historical patterns, ETH is poised for a 9% uptick following this consolidation breakout and may hit the $4,865 level or even higher if the momentum continues.
However, if the price falls, it might be considered a breakout retest, which could only be validated if it remains above the $4,375 level.
At press, the technical indicator Supertrend has turned green and hovers below the ETH price, which suggests that the asset is in an uptrend with strong buying pressure.
On-Chain Metrics Flashes a Mixed Sentiment
Besides these bold predictions, Ethereum price action, and technical analysis, this price uptick seems to be a nightmare for the short sellers.
Data from the Coinglass reveals that over $43.40 million worth of shorts have been liquidated in the past four hours, and this liquidation is four times of the long positions.
Given the current market sentiment, some investors and long-term holders have begun dumping their holdings for profit booking, as shown on the Coinglass data.
Data from the spot inflow/outflow reveals that exchanges over the past 24 hours have recorded an inflow of $174.14 million worth of ETH tokens. This substantial token inflow hints that ETH has been moving from wallets to exchanges for potential profit booking.
When combining all these factors, it appears that ETH is bullish and may continue its upside momentum. The reason behind this is notable interest from crypto experts and its bullish price action. However, there might be a possibility of a small correction before the price turns parabolic.
