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Ethereum, Bitcoin and Cardano See Selling Pressure After Recent Impressive Gains

Head of Research

14 Aug 2025

Flows in crypto have been elevated over the past few days – notably in Ethereum, Bitcoin, and Cardano – unsurprising given the rate of change, range expansion, and the importance of absolute price levels in play

While Bitcoin traded to a new all-time high yesterday, Ethereum (and recently Cardano) has been the powerhouse, driven by a positive risk backdrop, favourable regulatory developments, and increased buying from ETF and Ethereum treasury entities. We wrote on the drivers in depth in this report.

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That said, after rising above Wednesday’s high to a session peak of 4790 – just shy of the ATH at 4866 – sellers took control, pushing price to close below Wednesday’s low and printing a bearish outside-day reversal.

Price now needs to break below the session low of 4448 to confirm a short-term change in market structure, which risks triggering selling from weaker hands and potentially taking ETH back into the former breakout zone around 4100.

For those trading with key levels in mind, 4448 is the line that recent long-position holders will need to defend if new ATHs are to be seen in this impulsive trend. It would certainly not surprise to see crypto traders using this flush out to initiate new long positions, as I dont see the US PPI release derailing sentiment in the space - long's know their risk, but a push back above 4600 in the session ahead could trigger yet another positive shift in momentum and once again have traders eyeing new ATHs.

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