Ethereum (ETH) Price Prediction for August 14

Key Points

1. Ethereum's price broke above the $4,092 resistance, confirming a bullish shift, and is now targeting the $4,869 resistance zone.

2. Technical indicators like the Directional Movement Index (DMI) show strong buyer control, with +DI at 45.66 and –DI at 9.87.

3. Volume profile highlights the $4,869 to $4,870 band as a high-volume resistance area, with potential for a breakout accelerating the move.

4. Ethereum's derivatives market shows increased open interest (up 13.83% to $64.36B) and options volume (up 43.29% to $3.79B), with long/short ratios favoring longs.

5. Short-term outlook remains bullish, with key support levels at $4,540 (Keltner upper band) and $4,386 (Supertrend support), and a breakout above $4,869 could target $5,000.