Ethereum’s price has faced a sharp correction after failing to hold above $4,700. The digital asset slipped to $4,335, marking a 4.35% daily decline. The shift in sentiment signals rising bearish outlook, as profit-taking among whales accelerates. Traders are now questioning whether Ethereum will retest the key $4,000 support level before any potential recovery.
Ethereum’s price has lost ground since its highs above $4,700. Currently, it sits around the $4,300 level, with a key trendline still offering some support. However, pressure is mounting near the critical $4,000 zone, with technical indicators pointing to further downside risk.
The Stochastic RSI is currently at 36, suggesting a reduction in buying strength. With this momentum shift, Ethereum price prediction leans toward a possible dip before any rebound. The $4,000 level remains a significant support area, which could act as a major test for buyers.
Resistance lies near $4,800, with any breach above this price likely to attract renewed bullish interest. However, given the current sell pressure, Ethereum may need to revisit lower levels before it can challenge these higher price points. A strong test of the $4,000 support may dictate Ethereum’s short-term direction.
Recent data from Lookonchain reveals notable whale activity, which has added to the selling pressure on Ethereum. One trader recently closed all 66,749 ETH long positions, realizing a profit of $6.86 million. Such large-scale profit-taking is intensifying market fears, as traders exit their positions.
This legendary trader has closed all 66,749 $ETH($303M) longs, locking in a profit of $6.86M(55x)!
Starting with only $125K, his total account equity peaked at over $43M(a 344x return), but now stands at $6.99M(a 55x return) after closing.https://t.co/E0iU5Pk3Q6 pic.twitter.com/NHMicKo6b3
— Lookonchain (@lookonchain) August 18, 2025
Additionally, another whale panic-sold 2,277 ETH worth $9.57 million at $4,203, locking in a profit of $4.04 million. These exits, coupled with rising sell-side pressure, have tipped the scales in favor of bears. According to CryptoQuant’s Spot Taker CVD, sellers have firmly controlled the market in recent sessions.
Ethereum’s price prediction reflects these dynamics, suggesting a continued struggle for buyers to regain control. Increased institutional buying could offer some support, but for now, the coordinated selling wave remains dominant. If this trend continues, Ethereum may revisit the $4,000 support level before any potential recovery attempt.
As profit-taking continues, Ethereum price remains under significant downward pressure. The $4,000 level will be key in determining the near-term market direction. If Ethereum fails to hold above this support, the bearish outlook could deepen, pushing the price lower.
The Ethereum price prediction remains cautious, with bearish sentiment growing stronger as whales dominate market movements. Ethereum’s ability to recover depends on whether the $4,000 support can withstand the selling pressure.
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