Ahmet Bedirhan Arvas 
Ethereum (ETH) is trading at $4,596.72 as of August 28, 2025, showing a 0.18% increase in the last 24 hours. This indicates a steady recovery following a volatile period where ETH fell to $4,216 last week before rising to $4,950. This rebound comes after ETH dropped to $4,216 last week and then climbed back to $4,950.
Is the $5,000 Target Achievable?
ETH is trading above its 20-day moving average, maintaining short-term bullish momentum. The current support level is around $4,468. The main resistance level is at $4,800. If this level is surpassed, ETH is likely to test the $5,000 target.
The Relative Strength Index (RSI) is currently at 57, indicating that ETH has not yet entered the overbought zone and still has room for potential upward movement.
You might also be interested in this article: Ethereum Spot ETFs Open a New Chapter in History!
Interest in Ethereum ETFs is boosting institutional investors’ confidence in ETH. Notably, BlackRock’s Ethereum ETF (ETHA) recorded inflows exceeding $265.74 million in a single day, indicating wider acceptance among institutional investors.Additionally, open interest in CME Ether futures reached $10 billion, setting a record and showing increased institutional participation.
Analysts expect ETH to rise up to $7,000 by the end of the year. This expectation is supported by growing institutional investments and macroeconomic factors increasing interest in ETH. However, some experts note that surpassing the $6,000 level could be challenging.
For the latest cryptocurrency news, click here now.