Ethereum (ETH) Price Prediction for August 15
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After a long rally that took the Ethereum price from below $3,800 earlier this month to new multi-year highs, it is now holding steady above $4,750. The price is currently moving up in a well-defined channel, and during the day, it stays above both the VWAP and short-term EMA clusters. Bulls are now looking at the $4,870 resistance level, which is a key liquidity zone from past highs.
What’s Happening With Ethereum’s Price?
On the 30-minute chart, ETH is following an upward-sloping channel. The lower bound is acting as dynamic support near $4,723, and the upper bound is getting close to $4,870. The VWAP readings ($4,746 to $4,770) are in the middle of the channel, which means that buying pressure is balanced. The RSI is at 59.69, which means there is a slight bullish bias but no signs of being overbought right away. If momentum stays strong, this structure suggests that there is room for more upside.
From a daily perspective, Smart Money Concepts show ETH breaking multiple prior equal highs and reclaiming structure with consecutive bullish CHoCH and BOS signals. The most re…
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