25 August 2025 at 13:50 UTC
Cryptos have all shined on Friday after Powell’s speech that largely got interpreted as dovish – One of my thesis was that these moves may have been slightly over-extended compared to what was actually said.
Markets tend to act erratically with algorithmic movements and stops triggering leading to extreme moves that tend to be corrected after some proof-reading by some of the largest participants.
The US Equities market is still around its Friday highs with the Dow Jones futures above their previous highs (down small on the pre-open session) indicating no strong correction from the recent upside.
On the other hand, cryptos are looking a bit more skeptical – Ethereum broke a new record on Saturday ($4,956) before retracting lower, currently down 4% on the session.
Bitcoin also retested $117,000 and quickly reversed back to around the $111,000 handle, retesting its support zone that will have to hold to avoid a more bearish short-term outlook.
You can access our latest analysis for BTC right here to get your levels for upcoming trading.
Crypto Market Cap, August 25, 2025 – TradingView
Despite the new record in ETH, the rest of the market hasn’t followed through with the Market cap correcting around 8% since.
The chart is still far from bearish but this will have to be monitored to check if the bullish momentum inverts further.
Crypto Market overview, August 25, 2025 – Source: Finviz
The picture is red, but most cryptos are still fairly close to their highs, I would suggest to look at risk-on/risk-off assets demand to assess if the mood gets better from here or not.
Ethereum Daily Chart, August 25, 2025 – Source: TradingView
If the current picture stays like this, a double top combined with a bearish divergence (new highs in price ≠ new highs in RSI) could bring some decent reasons for Participants to take profit around here.
Nonetheless, as always in Financial markets, if the price action was that bearish, prices would be much lower already.
But these signs are not to be taken lightly and have to be monitored closely for upcoming trading.
Ethereum 4H Chart, August 25, 2025 – Source: TradingView
Ethereum has retracted from its recent highs (ETH CFD not showing but actual coin traded to $4,956 highs, currently around $4,640) which allowed overbought momentum to cool down on shorter timeframes.
As long as prices hold above the $4,000 to $4,095 (Dec 2024) pivot zone, the price action remains more bullish than bearish – but do keep an eye on the potential double top mentioned on the daily timeframe.
Levels of interest for ETH trading:
Support Levels:
Resistance Levels:
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About the Author
Market Analyst
Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing the impact of breaking news, market sentiment, and critical economic data releases on trading flows.
As a versatile analyst, he contributes powerful insights to the team, effectively integrating geopolitical and technical analysis to provide clear and comprehensive market perspectives.
Prior to joining our team, Elior honed his expertise as a Fixed Income Trader and Market Analyst at the Montreal Exchange.
Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing the impact of breaking news, market sentiment, and critical economic data releases on trading flows.
As a versatile analyst, he contributes powerful insights to the team, effectively integrating geopolitical and technical analysis to provide clear and comprehensive market perspectives.
Prior to joining our team, Elior honed his expertise as a Fixed Income Trader and Market Analyst at the Montreal Exchange.
MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets. The content produced on this site is for general information purposes only and should not be construed to be advice, invitation, inducement, offer, recommendation or solicitation for investment or disinvestment in any financial instrument. Opinions expressed herein are those of the authors and not necessarily those of OANDA or any of its affiliates, officers or directors.
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