A brand new crypto rally is in full swing, and the market seems able to push previous $4 trillion for the primary time. Main the cost, Ethereum (ETH) surged previous the $4,000 key resistance and bulls are actually eyeing $5,000.
Ought to Ethereum attain this determine, it might spark broader market positive factors, with altcoins using the continued bullish momentum. Presently up over 26% this week, ETH has considerably outperformed Bitcoin (up simply 3%) over this era.
Now just below $500 off its all-time excessive recorded in 2021, might we lastly see ETH hit a brand new value file this August? We’ve carried out an Ethereum value prediction to evaluate the possibilities of this occurring.
Ethereum Strikes Previous $4,200 For the First Time Since 2021 – Can it Maintain Rising?
The $4,000 mark has traditionally been the strongest resistance for Ethereum. In 2021, Ethereum breached it for the primary time, setting an all-time excessive (ATH) at $4,891.
Since then, the main altcoin tried to stabilize above $4,000 six occasions, dealing with a pullback every time. Fueled by the election of Trump’s pro-crypto administration in late 2024, it pushed previous $4,100 in December, solely to dip to the $1,500 vary by April 2025.
Consolidating within the $2,500 vary between Might and July, Ethereum began displaying power final month. Peaking above $3,800 in July, ETH confronted excessive volatility in early August, which noticed its value swing right down to $3,300 earlier than this week’s surge.
Following the current push, Ethereum has now erased all of the losses it confronted all through the primary half of 2025. Presently priced at $4,210, it appears well-positioned to proceed rising, which supplies it a strong likelihood of making a brand new ATH this month.
Institutional buyers acknowledge this potential and are aggressively buying ETH in August’s second week. Lookonchain studies that SharpLinkGaming elevated its whole ETH holdings to $2.12 billion, following a big buy on August eighth.
In the meantime, in style analyst Ted factors out that ETH inflows have skyrocketed on August ninth, rising to $461 million.
$ETH ETF influx + $461,000,000 yesterday.
Ethereum FOMO doing its factor. 🚀 pic.twitter.com/Z9N9kaEBIB— Ted (@TedPillows) August 9, 2025