Ether (ETH), the second-largest cryptocurrency, has experienced a 10% drop in value after failing to surpass its all-time high last week. It’s now trading around $4,170, a part of a broader sell-off that has also affected Bitcoin and other major cryptocurrencies.
Experts believe this decline is largely due to investors taking profits, especially as some institutional analysts suggest the current bull market might be nearing its end. According to Ruslan Lienkha from YouHodler, this isn’t necessarily a sign of lost confidence, but rather a “prudent portfolio management” strategy in anticipation of future market volatility.
From a technical perspective, the ETH/USD 4-hour chart has turned bearish. Key indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signal a strong sell-off. If the current resistance level at $4,232 holds, ETH could drop further to test support at $3,946 or even $3,300. However, if it manages to close above $4,232, bulls could push the price toward $4,488 and potentially back to its recent yearly high of $4,788, provided the wider market also recovers.
August 2025, Cryptoniteuae
