The post ETH price prediction | Bullish signs point to $5.7K target appeared on BitcoinEthereumNews.com.

This month has been an exciting ride for Ethereum investors, as the crypto surged to new heights not once, but twice. Riding waves of optimism around spot ETFs and a strong market push, Ethereum (ETH) first climbed to $4,845. Then, just a few days later on August 24, it broke records again, reaching a fresh all-time high of $4,953. Summary Ethereum hit two new highs this month, peaking at $4,953 on August 24, before pulling back to around $4,587 on August 28 — approximately 7% below its ATH. Key support at $3,900 is holding firm, acting as a critical level for maintaining bullish momentum and signaling potential for further gains. Positive catalysts include increased optimism around spot ETF approvals, strong network fundamentals, and institutional demand fueling renewed buying interest. Technical analysis suggests a bullish setup, with higher highs, strong volume support, and a Fibonacci-based upside target of $5,790. If ETH maintains support above $3,900, analysts expect a potential rally toward $5,790; a breakdown below this level could trigger a deeper correction. Current ETH price scenario As of August 28, Ethereum is hovering around $4,587, roughly 7% below its fresh all-time high. ETH 1-day chart, August 2025 | Source: crypto.news Right now, it’s catching its breath just below that peak, with solid support holding strong around $3,900. This level is a crucial checkpoint for keeping the bulls in charge. If Ethereum can defend this zone, we could see it gain momentum and push toward the next major target near $5,790, according to the Fibonacci levels. Catalysts: ETH near $4,620, up ~2% on the day Ethereum’s getting a lift from some strong tailwinds. Spot ETFs look more likely to get the green light, the network itself is healthy, and institutions are still showing plenty of interest. All these factors are helping spark…

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Filed under: News - @ August 28, 2025 7:25 pm