TechFlow, on August 25, according to BiyaPay analysts, Ethereum (ETH) broke through $4,900, reaching a new all-time high. However, trading volume did not significantly increase, raising the risk of a short-term market reversal.
Short-cycle hourly charts show consecutive bearish candles following price pressure and decline in the early morning hours. Price has deviated from moving averages, and technical indicators have generated a death cross, suggesting potential downside correction in the near term. Overall, despite hitting new highs, ETH remains exposed to short-term market volatility, with a possible retest of the $4,000 level.
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