Jonathan Thompson (joneth93)

Jonathan Thompson

early on base🐳

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Ethereum ($ETH) is trading at $4,426.83 on August 17, 2025, representing a 70.8% annual growth. The price has been volatile over the past week: after reaching a local high of $4,763 on August 14, a correction began, causing the price to drop by almost $330. In the short term, negative momentum dominates, with a daily decline of 0.08%, but technical indicators still confirm a bullish trend-ETH is inside an ascending channel, and movement above the moving averages opens the potential for further growth. Analysts predict a support test around $4,245, with an attempt to move further to $5,319 by the end of the month; breaking resistance above $4,885 could open the way to $5,500. The main growth drivers are institutional demand, network upgrades (Pectra upgrade), and active development of the DeFi ecosystem.

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