Key takeaways:
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ETH value jumped 10% right now, inching towards its all-time excessive of $ 4,867.
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Over $2.3 billion flows into spot Ethereum ETFs over 6 days.
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Merchants say ETH might rise as excessive as $13,000 as soon as it enters value discovery.
Ether (ETH) surpassed $4,600 on Wednesday, up 8% over the past 24 hours as a number of bullish alerts steered that new all-time highs have been inevitable.
ETH value 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), knowledge from Cointelegraph Markets Professional and TradingView reveals.
“Bids for Ethereum continues to strengthen with the asset marching towards ATHs,” onchain knowledge supplier Glassnode mentioned in a Tuesday submit on X.
Glassnode defined that ETH has “served as a bellwether for broader altcoin efficiency” and its newest energy 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 report $1 billion in internet inflows.
“One other half a billion into spot ETH ETF, fifth finest day since launch,” NovaDius president Nate Geraci mentioned on X.
He added that this can be 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 corporations 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% improve over the past month. The Ether Machine holds 345,400 ETH.
With greater than 30% of ETH staked, i.e., can’t be instantly offered, this alerts robust upward potential for Ether value.
Ethereum’s transactions close to report highs
Ethereum’s each 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 12 months.
Coupled with a near-all-time excessive complete worth locked (TVL) in DeFi, presently at $95 billion and with 61% of market share, this surge in community exercise alerts sturdy demand and utility.
How excessive can ETH value go?
The subsequent main hurdle for ETH is near the all-time excessive of round $4,700, in line with analysts.
This degree is the +1 customary deviation degree of Ether’s lively realized value, “typically marking the place promoting strain begins to construct”, Glassnode mentioned of their newest Week Onchain Report, including:
“The $4.7K value level stands out as a key resistance to observe. A decisive break above might sign the onset of a extra speculative section.”
“A breakout above $4,750 with sustained transaction momentum might ignite a value discovery section,” mentioned Cryptoquant analyst CryptoOnchain in a QuickTake evaluation on Wednesday.
With respect to cost discovery, a number of analysts say Ether might rise to areas past $10,000, primarily based on numerous technical setups.
In style 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 mentioned that whereas the $7,500 ETH value 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 value predictions after breaking the essential $4,000 degree now go as excessive as $20,000 for the present bull market.
This text doesn’t include 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.
