Ethereum (ETH) spent beyond the $ 4,000 mark on August 8, reaching its highest level this year after a sustained market rally which saw it win almost 50% in the last month.
Data from Cryptoslate shows that the assets culminated at $ 4,047 during American negotiation hours. In particular, the last time that ETH exchanged above $ 4,000 was in December 2024, when the optimism around the electoral victory of Donald Trump fueled a wave of pro-scripto feelings in the United States.
Meanwhile, Coinglass data reveal the latest Rallye Bearish traders. The posts in the open against ETH have undergone losses totaling $ 134 million in the last 24 hours, prices that defy expectations.
Institutional demand leads to ETH
Ethereum’s escape intervenes in the middle of an increase in institutional interest in digital assets for their cash reserves.
During the last month, large companies such as Sharplink and Bitmin have accumulated significant ethics assets and announced purchasing plans for several billion dollars.
According to strategic data from the ETH reserve, these entities collectively hold more than 3 million ETH, or approximately 2.5% of the total supply – have proven to be more than $ 12 billion. Bitmin leads with 833,100 ETH, worth 5.2 billion dollars.
Vitalik Buterin, the co-founder of Ethereum, expressed cautious optimism concerning the growing interest of companies for ETH.
While he welcomed adoption, Buterin warned companies against the surprise of their ETH assets.
According to Buterin:
“If you woke me up in 3 years and told me that the treasury bills led to the fall of the ETH … I suppose they turned into an overwhelmed game.”
In addition to these companies, the Ethereum network has also experienced an increase in adoption via negotiated funds on the stock market (ETF), with a record of $ 5 billion at the start of entries in July.
According to Soso Value Data, the trend continued in the new month, the nine funds registering only two days of outings in August compared to four days of outings experienced by their Bitcoin counterparts.
In addition, traditional financial powers like Blackrock and Robinhood have expanded their activities around Ethereum, focusing on the tokenization of real assets (RWA).
What is the next step for Ethereum Price?
For the future, market optimism continues to increase with the expectations of continuous prices for Ethereum prices.
Crypto Bettors on Polymarket, the main decentralized prediction platform, believe that there is a 60% chance that ETH exceeds $ 5,000 by the end of the year. At the same time, 36% of merchants believe that it could reach $ 6,000 and 24% predict an increase at $ 7,000.
In particular, the co-founder of Bitmex, Arthur Hayes, is more optimistic about the price of Ethereum reaching $ 10,000 by the end of the year.
Meanwhile, Bitmin’s projections suggest much higher potential, estimating the implicit ETH price at $ 60,000.
Ethereum market data
At the time of the press 8:22 p.m. UTC August 8, 2025Ethereum is classified n ° 2 by market capitalization and the price is up 5.63% In the past 24 hours. Ethereum has a market capitalization of 488.37 billion dollars with a 24 -hour trading volume of $ 46.05 billion. Learn more about Ethereum ›
Summary of the cryptography market
At the time of the press 8:22 p.m. UTC August 8, 2025The total crypto market is assessed at 3.89 dollars with a volume of 24 hours of 182.75 billion dollars. Bitcoin domination is currently at 59.67%. Learn more about the cryptography market ›
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