Ethereum enters a critical week as traders are hampering increased volatility and changing market dynamics. The current price is around $4,267, with a market capitalization of over $515 billion at the press conference, and Cryptocurrency witnessed a sharp downward revision of 6.5% over the past 24 hours. Despite strong performances earlier this year, pressure from liquidation and global economic events cast uncertainty on its immediate trajectory.
A $5 billion liquidation wall
The latest data shows that Ethereum liquidation is nearing $5 billion, with key clusters concentrated at $3,940, bringing it to about $2,150. This positioning exposes the market to potentially long squeezes. Andrew Kang warned that if momentum dies down, a deep wipeout could reduce ETH prices to $3,200-$3,600.
Nearly $5 billion liquidation #Ethereum trades around $4,200 today. Meanwhile, a large liquidation cluster is between $2,150 and $2,160 for $3,940.
Andrew Kang warns that a large long wipe can reduce $ETH to $3,200-$3,600.
Braces for volatility!
– Coin Bureau (@coinbureau) August 18, 2025
At the same time, GlassNode’s on-chain data highlights that Ethereum is struggling with a critical resistance level of nearly $4,700. This level has historically served as a ceiling that has increased sales pressure, making it a major hurdle for the Bulls to clear it.
How dangerous is that? This level of leverage is a hot topic. Here is a report on the risks of holding Ethereum at these levels:
#Ethereum’s rally stalled again in March 2024 at +1σActiveRealized Price (~$4.7K). This threshold has repeatedly acted as a resistor in previous cycles, highlighting it as an important area of overheated conditions and sales pressure. pic.twitter.com/gg1jd7zkk6
– GlassNode (@GlassNode) August 18, 2025
Analysts’ outlook is split between downside and ATH
Opinions remain divided among analysts. Dariusz Kowalczyk emphasized that bands ranging from $4,550 to $4,571 are crucial. Recovering that range can pave the way for a new history high. For now, he received immediate support between $4,240 and $4,190.
On the bullish side, Crypto Caesar noted that it surpasses the $4,090-$4,053 level on Ethereum weekly. He interpreted this as a confirmation of structural strength, citing bullish changes in market character.
Source: x
He said breakouts from the accumulation zone already laid the foundation for price discovery, with $5,000 being seen as the next psychological barrier before accelerating to $6,000.
Macro events may determine the fate of ETH
Beyond the charts, broader market events could determine the fate of Ethereum this week. Traders are monitoring a series of developments, the Washington Conference between Trump and Zelensky on Monday, the release of FOMC minutes on Wednesday, Jobless’s claims on Thursday, and a speech from Federal Reserve Chairman Jerome Powell on Friday.
Each of them can shaking global risk appetite, thereby affecting the crypto market.
Institutional fuel. This macro-driven market is full of institutional interest. Let’s take a look at some powerful purchases that could lead your ETH to a $15,000 price target.
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
