Ethereum on the Cusp of New Heights | Institutions Power Price Surge
Ethereum is racing towards its previous all-time high of $4,867 set in November 2021, with current trading around $4,716. The cryptocurrency is making headlines as it approaches another major milestone amid heightened trading activity and institutional interest.
Market Snapshot: Key Stats
Ethereum's market cap currently stands at $567.7 billion, supported by a trading volume of $67.7 billion in the last 24 hours. The circulating supply is 120.7 million ETH—a vital figure as both speculation and investment ramp up.
Factors Fuelling the Surge
The recent price action is fueled by:
Institutional Interest: Increased purchases from big players.
Retail Selling Pressure: Interestingly, retail investors appear to be cashing out.
ETF Momentum: Ethereum ETFs experienced over $2.3 billion in inflows last week, indicating stronger interest than Bitcoin ETFs.
Growing Network Engagement
The Ethereum blockchain reports impressive network activity, with nearly one million transactions daily and a significant rise in NFT trades. The Total Value Locked (TVL) is about $95 billion, with Ethereum claiming 61% of that share.
"I feel the upgrades have greatly impacted price action," a supporter noted, highlighting the benefits of EIP-1559, which enhances network efficiency and combats inflation through fee burning.
Price Predictions: What’s Next?
Experts predict Ethereum prices could reach between $5,607 and $5,250 by late August 2025, based on various indicators:
MACD Indicators: Shows a series of bullish green bars.
RSI Level: Currently above 70, suggesting overbought conditions.
Price Trends: Emerging patterns indicate an ascending triangle and a potential golden cross on the charts.
Community Insights and Reactions
Sentiment from the forum is lively but mixed:
One enthusiastic commentator stated, "5k, 6k, 7k… don’t stop!" showing high expectations.
Conversely, another user’s frustration surfaced with a comment, "Thanks to your post it crashed," reflecting skepticism about the current rally.
With active discussions in the community, the sentiment oscillates between excitement for potential gains and wariness stemming from market volatility. Analysts estimate a 60% chance that prices will breach $5,250 if institutional investments continue and retail strategies shift back to accumulation.
Price Movement Outlook
Ethereum's path seems poised for upward momentum, fueled by strong indicators and ongoing institutional commitments. However, market watchers urge caution, emphasizing that rapid growth often leads to inevitable pullbacks. Observing trends closely will be key in the upcoming weeks as the market reacts to both internal and external pressures.
Summary Points
△ Current Ethereum trading at $4,716, aiming for the previous ATH.
▽ $2.3 billion inflow into Ethereum ETFs last week.
※ "I feel the upgrades have had an immense impact" - Community supporter.