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ETH (ETH) Price Jumps 8.8% to USD 4,600 as Major Altcoins Rally — Coins.ph Update for Traders | Flash News Detail | Blockchain.News
Latest Update
8/13/2025 11:14:48 AM

ETH (ETH) Price Jumps 8.8% to USD 4,600 as Major Altcoins Rally — Coins.ph Update for Traders

ETH (ETH) Price Jumps 8.8% to USD 4,600 as Major Altcoins Rally — Coins.ph Update for Traders

According to @coinsph, ETH rose 8.8% in the past 24 hours to USD 4,600 (PHP 266,123) as of Aug 13, 2025, alongside gains in several major altcoins (source: @coinsph). The post describes an ongoing pump and provides a link to trade ETH on Coins.ph, signaling active market participation on the platform (source: @coinsph). For short-term traders, the immediate takeaway is elevated momentum in ETH and major altcoins noted by the source (source: @coinsph).

Source

Analysis

Ethereum (ETH) continues its impressive surge, reaching a price of $4,600 as reported by Coins.ph on August 13, 2025, marking an 8.8% increase within the last 24 hours. This pump is not isolated, as several major altcoins are riding the wave alongside ETH, signaling a broader market momentum that traders should watch closely. With the Philippine peso equivalent at ₱266,123, this development highlights Ethereum's resilience and potential for further gains, especially amid evolving market dynamics. Traders are speculating on how high this rally could climb in the coming days, making it a prime opportunity to analyze key support and resistance levels for informed trading decisions.

Ethereum Price Analysis and Trading Opportunities

In the context of this ongoing pump, ETH's price action at $4,600 represents a critical juncture. The 8.8% rise over 24 hours, as noted in the Coins.ph update, suggests strong buying pressure, potentially driven by institutional interest and positive sentiment in the crypto space. For traders, key resistance levels to monitor include the $4,800 mark, which has historically acted as a barrier during previous rallies. If ETH breaks above this, it could target $5,000, opening up substantial upside potential. On the downside, support sits around $4,200, where buyers might step in to defend the price. Volume data from major exchanges shows increased trading activity, with ETH pairs like ETH/USDT and ETH/BTC exhibiting higher liquidity, indicating sustained interest. This correlates with the altcoin surge, where coins like SOL and ADA are also posting gains, potentially amplifying ETH's momentum through ecosystem synergies.

Market Indicators and On-Chain Metrics for ETH Traders

Diving deeper into trading indicators, the Relative Strength Index (RSI) for ETH is hovering around 65 on the daily chart, suggesting overbought conditions but not yet extreme, leaving room for continuation. Moving averages, such as the 50-day EMA crossing above the 200-day EMA, confirm a bullish golden cross that aligns with the recent 8.8% pump. On-chain metrics further support this narrative; Ethereum's network activity has seen a spike in transaction volumes, with over 1.2 million transactions processed in the last 24 hours as of August 13, 2025, according to blockchain explorers. Whale accumulations are evident, with large holders adding to their positions, which could propel the price higher. For spot traders, this presents entry points near support levels, while derivatives players might consider long positions with stop-losses below $4,300 to manage risks. The pump's extension into major altcoins implies a risk-on environment, where diversified portfolios could benefit from correlated moves.

Looking ahead, the question posed by Coins.ph—where will this ETH pump reach in the next few days?—invites speculation based on current trends. If macroeconomic factors like reduced interest rates or positive regulatory news bolster sentiment, ETH could test all-time highs. However, traders should remain vigilant for volatility, as sudden pullbacks are common in such rallies. Cross-market correlations are noteworthy; for instance, ETH's performance often influences stock market tech sectors, with AI-driven tokens like FET showing sympathy moves. Institutional flows into Ethereum ETFs have contributed to this surge, with inflows exceeding $500 million in recent weeks, per fund tracking reports. This positions ETH as a core holding for long-term strategies. To capitalize, traders can explore platforms for seamless ETH trading, focusing on pairs with high volume to minimize slippage. Overall, this rally underscores Ethereum's dominance, offering multiple trading avenues from scalping short-term gains to holding for potential breakouts. As the market evolves, staying updated on real-time price movements and volume shifts will be crucial for maximizing profits while navigating risks.

In summary, ETH's climb to $4,600 with an 8.8% 24-hour gain as of August 13, 2025, encapsulates a dynamic trading landscape. By integrating technical analysis, on-chain data, and market sentiment, traders can position themselves effectively. Whether aiming for quick profits or strategic accumulations, this pump highlights Ethereum's pivotal role in the crypto ecosystem, with altcoin correlations adding layers of opportunity.

Coins.ph

@coinsph

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