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💥 $4,800 Barrier Blocks ETH — Will Retracement Follow the R

kimchi_trades

Updated at: a day ago

{"content":"💥 $4,800 Barrier Blocks ETH — Will Retracement Follow the Rally?  Ethereum is poised to start a new week after a week of price activity that saw it reach its highest level since 2021. Spot Ethereum ETFs that had spurred billions in inflows have had their first daily outflow in over a week. However, order-book data reveals a massive sell wall at $4,800 that might trigger a parabolic surge if breached. Ethereum rally optimism faded late in the week. On August 15, US-based Spot ETH ETFs recorded net withdrawals of $59.34 million, snapping an eight-day string of $3.7 billion inflows. After failing to break $4,788, 3% of its all-time high of $4,878, Ethereum fell to $4,450. BlackRock's ETHA saw $338.09 million in daily inflows, while Grayscale's ETHE and Fidelity's FETH had $101.74 million and $272.23 million outflows. Ethereum failed to surpass $4,788, and on-chain data suggests a significant liquidity concentration. In particular, Merlijn The Trader called $4,800 the “final boss” for ETH, citing billions in sell orders on Binance's ETH/USDT pair. This zone has a lot of requests on a liquidity heatmap. Ethereum might flourish if it breaks over this level, says the expert. As long as this level has additional demands, it may oppose upward movement. The liquidity story favors a bullish breakthrough, but TradingView's research is more cautious. Based on the 4-hour candlestick timing chart, Ethereum has showed symptoms of tiredness following a strong run from early August around $4,700 to $4,800, a supply-heavy barrier. Technical alignments including Break of Structure signals, fair value gaps (FVG), and Fibonacci retracements suggest Ethereum may regress. According to the trade strategy, entry is around $4,440, stop loss is above $4,790, and downside target is $3,375 at a solid support level. This implies a 20% correction if the bearish prognosis is right. #ETH #CryptoIntegration #MarketTurbulence #CPIWatch #ElonMuskDOGEDeparture $ETH $BTC $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/18/36af12cc8dd14cd787b5b40e05144a82.png"],"tags":[],"tradingPairs":["XRP/USDT"],"quotearticleid":0}

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