On the daily chart, ether exhibited a pronounced uptrend from approximately $3,350 to a recent swing high of $4,957.1, followed by a sharp retracement toward the $4,400 range. The price action suggests a distribution phase, marked by significant sell-side volume following the peak. The $4,400 level is emerging as a critical support; a bullish reversal formation such as a bullish engulfing or hammer candle accompanied by rising volume could validate a new long entry. Immediate resistance lies between $4,650 and $4,700, near a prior support-turned-resistance band.

ETH/USD via Deribit 1-day chart on Aug. 26, 2025.

The 4-hour ether chart shows that ETH experienced a rapid rally from $4,205 to $4,957.1 in a short window, likely driven by news-related momentum. However, a sequence of lower highs and lower lows has since defined the price structure, with a bearish engulfing candle indicating continued downside pressure. Support is consolidating near $4,400. A bullish divergence developing at this level, particularly if sell-off volume weakens, would provide a short-term long setup. Caution is warranted below $4,400, as a break could push the asset toward the $4,200 zone.

ETH/USD via Deribit 4-hour chart on Aug. 26, 2025.

On the 1-hour chart, ethereum has formed a clear downtrend, falling from $4,776.6 to a recent low of $4,310.3. Current price action is compressed in a consolidation range between $4,400 and $4,450, which may resolve as either a bullish accumulation or a bearish continuation flag. A breakout above $4,460 on elevated volume would suggest a move toward the $4,550–$4,600 area. Conversely, a breakdown below $4,400, especially if $4,310 is breached, would negate bullish setups and reinforce the prevailing bearish structure.

ETH/USD via Deribit 1-hour chart on Aug. 26, 2025.

From an indicator standpoint, oscillators are largely neutral, reflecting market indecision. The relative strength index (RSI) at 54.9, stochastic oscillator at 52.1, commodity channel index (CCI) at 3.2, average directional index (ADX) at 38.7, and awesome oscillator at 523.9 all support a sideways to mildly bullish outlook. Momentum, registering at 2.0, signals a buy, while the moving average convergence divergence (MACD) level at 213.9 suggests a sell bias, indicating conflicting momentum dynamics.

The moving averages (MAs) present a mixed but generally supportive trend for ether. Short-term signals are bearish, with the exponential moving average (EMA) 10 at $4,479.2 and simple moving average (SMA) 10 at $4,461.8 both indicating a sell. However, all longer-duration averages from the 20-period to the 200-period—on both EMA and SMA bases—flash buy signals, reinforcing a longer-term bullish structure. This divergence between short and long-term trends underscores the need for traders to prioritize confirmation from price action and volume near the $4,400 pivot.

Bull Verdict:

If ether holds the $4,400 to $4,500 support lines with strengthening volume and confirms a reversal on the daily or 4-hour chart, the technical outlook favors a bullish continuation toward the $4,600–$4,700 resistance zone. Momentum building above key moving averages and longer-term bullish signals suggest that buyers remain in control—provided short-term volatility does not breach $4,310.

Bear Verdict:

Failure to maintain support at the key level of $4,400, especially with a decisive move below $4,310, would confirm bearish momentum and open the door to a potential retracement toward $4,200 or lower. With the moving average convergence divergence (MACD) signaling a sell and short-term trend weakening, ether remains vulnerable unless buyers reassert control swiftly.

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