Ethereum slipped below the psychologically important $4,200 level on 19 August, trading around $4,190 during the afternoon session. The decline comes after a strong early-August rally and places the token near a technical support range that several analysts are watching at roughly $4,150–$4,100. Fundstrat Global Advisors co-founder Tom Lee and his quantitative team said they expect a pullback to about $4,100 by mid-week, but maintain a view that the second-largest cryptocurrency will then resume its advance toward new record highs. Market-structure analyst Mark Newton issued a similar call, describing the zone as a buying opportunity. Longer-term projections remain bullish. Standard Chartered reiterated price targets of $12,000 for 2026 and $25,000 by 2029, citing Ethereum’s role as what Lee termed “the bridge between Wall Street and AI.” In a sign of growing institutional adoption, blockchain infrastructure firm BTCS announced what it says is the industry’s first dividend payable in Ether rather than cash.
$ETH is over $4,000. Everyone relax.
🚨 ETH JUST BROKE $4,200 Ethereum 4H Chart: - ETH is currently trading around $4,190, sitting right on the $4,150 support zone. - Price is moving inside a falling channel, showing short-term corrective pressure after the strong rally earlier this month. - As long as $4,150 https://t.co/lombQ8yh53
JUST IN: $ETH dips below $4,200. https://t.co/HwvSl67tg8