Key takeaways:
ETH worth jumped 10% in the present day, inching towards its all-time excessive of $ 4,867.
Over $2.3 billion flows into spot Ethereum ETFs over 6 days.
Merchants say ETH may rise as excessive as $13,000 as soon as it enters worth discovery.
Ether (ETH) surpassed $4,600 on Wednesday, up 8% during the last 24 hours as a number of bullish indicators urged that new all-time highs had been inevitable.
ETH worth set to interrupt all-time highs
The ETH/USD pair reached an intraday excessive of $4,715 on Wednesday, just under the all-the $4,867 all-time excessive reached in November 2021 (on Coinbase), information from Cointelegraph Markets Pro and TradingView reveals.
“Bids for Ethereum continues to strengthen with the asset marching towards ATHs,” onchain information supplier Glassnode said in a Tuesday submit on X.
Glassnode defined that ETH has “served as a bellwether for broader altcoin efficiency” and its newest power is now fueling hypothesis for additional upside.
This efficiency is supported by a return of investor demand, within the type of capital inflows into spot Ethereum exchange-traded funds (ETFs). These funding merchandise have seen a six-day influx streak totalling $2.3 billion, with Aug. 11 setting a record $1 billion in net inflows.
“One other half a billion into spot ETH ETF, fifth greatest day since launch,” NovaDius president Nate Geraci said on X.
He added that it is a notable shift because the “spot eth ETFs have taken in almost $1.5 billion greater than spot BTC ETFs” because the starting of July.
Furthermore, treasury firms are more and more accumulating ETH with holdings surpassing $16.5 billion.
BitMine Immersion Applied sciences leads with 1.2 million ETH ($5.33 billion), adopted by SharpLink Gaming with 598,800 ETH after a 177% enhance during the last month. The Ether Machine holds 345,400 ETH.
With greater than 30% of ETH staked, i.e., can’t be instantly bought, this indicators sturdy upward potential for Ether worth.
Ethereum’s transactions close to file highs
Ethereum’s day by day transaction depend reached a near-record excessive of over 1.87 million on Aug. 12, with July 2025 recording roughly 50 million transactions, the best in over a yr.
Coupled with a near-all-time high total value locked (TVL) in DeFi, at present at $95 billion and with 61% of market share, this surge in community exercise indicators strong demand and utility.
How excessive can ETH worth go?
The subsequent main hurdle for ETH is near the all-time excessive of round $4,700, in accordance with analysts.
This degree is the +1 commonplace deviation degree of Ether’s energetic realized worth, “usually marking the place promoting stress begins to construct”, Glassnode said of their newest Week Onchain Report, including:
“The $4.7K worth level stands out as a key resistance to watch. A decisive break above may sign the onset of a extra speculative part.”
“A breakout above $4,750 with sustained transaction momentum may ignite a worth discovery part,” said Cryptoquant analyst CryptoOnchain in a QuickTake evaluation on Wednesday.
With respect to cost discovery, a number of analysts say Ether may rise to areas past $10,000, primarily based on varied technical setups.
Well-liked analyst Jelle shared a chart exhibiting ETH buying and selling above a bullish megaphone with upside targets between $7,000 and $13,000.
Crypto investor and YouTuber DivXMaN said that whereas the $7,500 ETH worth goal stays in play, the value discovery journey would take it to $13,000 primarily based on “earlier bull runs and price of diminishing returns.”
As Cointelegraph reported, Ether worth predictions after breaking the important $4,000 degree now go as excessive as $20,000 for the present bull market.
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a call.
