Latest Ethereum price movement analysis: ETH/NOK breaks 49,000 Norwegian Krone

As of August 25, 2025, the price of Ethereum exhibited strong momentum, reaching a high of $4,954.81. Ethereum has surpassed Netflix and MasterCard in the global asset market capitalization rankings, now ranking 22nd.

This article will provide Norwegian investors with an in-depth analysis of the latest Ethereum market trends, price drivers, and future trend predictions.

Today's Price Overview

According to the latest market data, the current price of Ethereum is approximately $4,774 (about 47,740 Norwegian Krone). However, in early trading, ETH briefly broke through $4,900 (about 49,000 Norwegian Krone), with an intraday increase of over 2%.

The recent price increase has brought Ethereum's market capitalization to $579.1 billion, ranking it 22nd among global assets.

Factors Driving the Rise

The recent rise of Ethereum has been driven by multiple factors. One of the key catalysts was Federal Reserve Chairman Powell's "dovish" remarks at the Jackson Hole symposium. He hinted that the Federal Reserve might cut interest rates, which sparked market interest in risk assets.

Significant inflow of institutional funds: Ethereum spot ETFs perform well. Data shows that last week, 9 Ethereum spot ETFs listed in the US stock market had a net inflow of $241.1 million.

Technical breakthrough gains momentum: Ethereum has successfully broken through the downward channel that lasted for several weeks and has re-established itself above the key trendline support at $4,400 (approximately 44,000 Norwegian Krone). This technical breakthrough triggered more buy orders.

Technical Analysis Insights

From a technical analysis perspective, Ethereum is at a critical decision point.

Key resistance and support levels: the immediate resistance level is near $4,900 (approximately 49,000 Norwegian Krone), with the next target being the psychological level of $5,000 (approximately 50,000 Norwegian Krone). On the downside, $4,700 (approximately 47,000 Norwegian Krone) serves as initial support, with stronger support in the range of $4,600 to $4,400 (approximately 46,000 to 44,000 Norwegian Krone).

Indicators show bullish sentiment: momentum indicators confirm bullish strength. The Money Flow Index (MFI) is high at 76, indicating strong buying pressure. The Directional Movement Index (DMI) also supports the bullish bias, with +DI above -DI, and the ADX rising, confirming the trend strength.

How Investors Trade Ethereum

For investors, it is crucial to choose a compliant trading platform that supports deposits in Norwegian Krone (NOK). Here are several major options:

• Gate: Offers over 3600 digital assets, including a variety of trading options such as spot and futures trading.
• Kraken: Supports deposits in Norwegian Krone, offers over 340 digital assets, with a market maker fee of 0.16%, regulated in Europe.
• Coinbase: Licensed in the EU, supporting over 250 cryptocurrencies, providing stringent security measures.

Tax and Compliance Guidelines

In Norway, cryptocurrencies are classified as taxable assets. All income from digital assets, including trading, staking, and mining, must be reported to the Norwegian Tax Administration (Skatteetaten).

Cryptocurrency gains are subject to a 22% capital gains tax. Please note that each sale, exchange, or conversion of cryptocurrency is considered a taxable event.

Future Price Prediction

Analysts believe that whether Ethereum can continue to rise depends on whether it can maintain above $4,750 (approximately 47,500 Norwegian Krone).

If it successfully breaks through the current consolidation range, ETH may test 4,900 to 5,000 USD (approximately 49,000 to 50,000 Norwegian Krone), and could even move towards 5,200 to 5,500 USD (approximately 52,000 to 55,000 Norwegian Krone).

If it loses the support at 4,700 USD, it may retrace to the breakout area of 4,600 USD or even 4,400 USD.

It is crucial for Ethereum to hold steady at $4,900 (approximately 49,000 Norwegian Krone). If it can effectively break through, the next target will be $5,000 (50,000 Norwegian Krone) or even higher.

For Norwegian investors, it is equally important to choose compliant platforms, understand tax responsibilities, and closely monitor technological developments and macro sentiment.