Ethereum shows new strength, with price pushed to $4,315 after a successful and decisive bounce from the key support zone. This recovery examines recent analysis from top traders who flagged DIP.
“High Parability” bounces unfold
A few days ago, market strategist Michael Van de Poppe identified the $4,000 to $4,200 range as strong support blocks where bounce is likely. His analysis, which assigned a 70% chance to inversion, appears to have become a spot.
The immersion in that zone was filled with strong purchasing pressure, confirming it as a classic accumulation area. This technical strength for possibilities Eth Revenge Rally Supported by underlying demand, as indicated by record-breaking Ethereum (Eth) ETPS $2.9 billion inflows of weeklyReport.
This is the ideal area for purchasing DIP at $ETH.
You wouldn’t be surprised if you got a 10% bounce from here.
Volatility to begin ethereum and accumulation.
Always buy dips. pic.twitter.com/v1gkcmqec4
– Mycal Van de Poppe (@cryptomichnl) August 20, 2025
The decisive “wedge” breakout
In addition to bullish momentum, Ethereum successfully retrieved the “falling wedge” structure on the four-hour chart. According to analyst Tedpillows, who tracked the pattern, the bounce from the $4,000 level and the subsequent push that crossed the wedge boundary were key moves the Bulls needed to see.
Prices are firmly above the $4,300 resistance, which appears to have paved the way for an immediate road to retesting the $4,400 area. The sustained holds at these new levels will significantly bolster the case of the ongoing back towards its recent high of nearly $4,600.
$eth is trying to get the wedge back.
If Ethereum could get this back, it would probably look even more upwards.
Overall it looks strong. pic.twitter.com/vobpydeiwa
– Ted (@tedpillows) August 20, 2025
Market indicators and emotional outlook
ETH/USD Daily Price Chart, Source: TradingView
Market indicators reflect this new bullish strength. MACD remains positive, confirming that the underlying momentum continues to support buyers.
Meanwhile, the RSI read of 67.5 indicates Ethereum approaching excessive conditions, indicating that horizontal integration or minor pullbacks may occur before stronger continuation.
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