Ethereum Plummets After $4,950 Liquidity Grab: Is a Bigger Dump Coming?

TL;DR Ethereum was rejected at $4,950, liquidating $720M longs, now testing $4,500 support with $4,300 ￰0￱ added $1.6B ETH this week, with demand zones aligned at $4,590–$4,760 Fibonacci ￰1￱ data shows September pullbacks often follow strong August gains, leaving ETH vulnerable below $4,500. Ethereum Price Action Ethereum surged to a new all-time high of $4,950 on August 24 before losing ￰2￱ token has since pulled back to around $4,550, down 4.5% over the past 24 hours, though still up 8% on the ￰3￱ early August, ETH has climbed 26% and remains more than 220% above its yearly low. Meanwhile, the reversal came during a wave of liquidations across the ￰4￱ than $720 million in positions were wiped out in the last day, with nearly $500 million tied to Bitcoin and Ethereum ￰5￱ rejection near $4,950 triggered much of the flush.) August 25, 2025 The $4,880 zone now acts as immediate resistance, while $4,500 remains under ￰6￱ Buying and Institutional Flows Large players have been active in recent ￰7￱ Crypto noted that whales added more than $1.6 billion worth of ETH this week, even as volatility ￰8￱ described $4,590–$4,760 as a demand area that aligns with the 0.5 Fibonacci retracement at $4,780.

Wise Crypto highlighted $4,950 (0.618 Fib) as the resistance to clear. A break above that line could set a path toward $5,500, with checkpoints at $5,190 and $5,500. At the same time, CryptoQuant analyst Darkfost pointed to continued whale accumulation on Binance. “Since July, we have seen a significant increase in demand coming from Binance whales,” they ￰9￱ to the analyst, their activity shows a preference for building positions after explicit trend confirmation, which could provide extra support if ETH attempts another push toward $5,000.