Buying ETHUSD with $5,150 target while uptrend continues

The ETHUSD pair continues its upward trajectory, though some short-term indicators point to a risk of a minor correction. At the time of writing, the cryptocurrency is trading at $4,742.63, rising moderately during Thursday’s early session.

On the daily timeframe (D1), the ETHUSD rate is showing steady growth—confirmed by a positive MACD indicator and increasing On-Balance Volume (OBV). The RSI is now close to the upper boundary of the neutral zone (73), signaling buyers’ dominance over sellers.

On the 4-hour timeframe (H4), strong overbought conditions are evident. So, the RSI has hit the 80 level, while being in the zone, where corrections are typically formed. However, the fact that the MACD continues to rise and the OBV remains in an uptrend contradict the idea of an imminent correction. This divergence points to a temporary weakness in buying activity, but does not suggest that upward momentum is exhausted. Both indicators confirm the ongoing bullish impulse, with a probability of a short-term pullback due to the current overheated state of the crypto market.

Fundamentals provide additional support for ETHUSD. The cryptocurrency is now on the rise because of increased inflows into high-risk assets. Market participants forecast a rate cut by the Federal Reserve (Fed) in September. These projections make risky assets, such as cryptocurrencies, more attractive. Besides, Ethereum gains extra support from staking and stablecoins, which have grown in popularity among traders.

Overall, the long-term scenario for ETHUSD suggests the ongoing upside, but risks of a minor correction cannot be excluded because of overbought conditions seen on the H4 timeframe. The price might be pressured near $5,000, but it has enough strength to resume its growth up to $5,150. The level of $4 480 could serve as key support. Breaking through this threshold could lead to a greater price decline.

The following trading plan could come into play:

Buy ETHUSD at the current price or when the correction starts. Take profit: $5,150. Stop loss: $4,480. 

The forecast remains valid from August 14 to August 21, 2025.