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Ethereum Soars Past $4,000 – Is a Record-Breaking ATH Imminent?

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08-09

Ethereum just blasted through the $4,000 barrier—fueling speculation that a new all-time high is within reach. The rally defies Wall Street's usual skepticism—because nothing terrifies traditional finance like an asset that doesn’t need a middleman.

Why $4,000 matters

This isn’t just another milestone. Breaking $4,000 signals serious momentum, with traders now eyeing ETH’s previous peak. The last ATH? A distant memory—unless you’ve been hodling since 2021.

What’s driving the surge?

Network upgrades, institutional interest, and a growing DeFi ecosystem are all pushing ETH higher. Meanwhile, Bitcoin maximalists are quietly recalculating their portfolios.

The road ahead

Volatility’s guaranteed, but one thing’s clear: Ethereum isn’t just surviving—it’s thriving. And if Wall Street starts calling it ‘Web3 infrastructure’ instead of ‘magic internet money,’ you’ll know we’ve won.

Corporate Demand Fuels Breakout Above $4,000

On the fundamental front, Institutional interest has been a primary driver of ETH’s recent surge. Publicly listed companies like BitMine Immersion and SharpLink Gaming have collectively acquired nearly 2 million ETH since June, using proceeds from multi-billion-dollar debt and equity offerings.

Geoffrey Kendrick of Standard Chartered predicts treasury allocations could eventually absorb 10% of ETH’s total supply, potentially outpacing spot ETH ETFs in market impact.

Sharplink Gaming acquires 77,210 $ETH worth around $295 million. pic.twitter.com/MqrucLtnug

— 100X crypto Gems (@100xCryptoGems_) August 9, 2025

Meanwhile, spot ETH ETFs continue to see strong inflows, with twelve consecutive weeks of gains totaling over $5 billion in July.

Regulatory sentiment has also improved, with the SEC clarifying that liquid staking does not breach securities laws. This could pave the way for staking-inclusive ETH ETFs from prominent asset managers such as BlackRock, Fidelity, and Bitwise.

Ethereum (ETH/USD) Bulls Eye $4,500 After $4,100 Resistance Test

On the technical front, Ethereum price prediction remains bullish as robust technicals have reinforced the pair rally. After finding solid support at $3,470, ETH broke through $4,000 and cleared the $4,193 Fibonacci 1.618 extension, often a signal of accelerated moves.

The price is now testing resistance at $4,300, aligned with a long-term descending trendline from the November 2021 all-time high. A confirmed breakout could open the path toward $4,500 and potentially challenge the $4,868 record.

Ethereum Price Chart – Source: Tradingview

Whereas, the momentum indicators remain solid. The RSI is staying over 70, and the “three WHITE soldiers” candlestick formation since August 5 points to sustained buyer conviction.

The MACD is deeply positive, confirming bullish momentum.

  • Immediate resistance: $4,391 and $4,532
  • Extended upside: $4,712 in the short to medium term
  • Support to watch: $4,193–$4,150, then $3,470

Whale Accumulation Strengthens Outlook

Whale and institutional activity have intensified during this rally. A notable $40.5 million over-the-counter purchase of 10,400 ETH underscores deep-pocketed confidence, while Fundamental Global Inc has launched a $5 billion shelf offering to buy more ETH. On-chain data also shows whales leveraging DeFi platforms like AAVE to accumulate at the $4,000 level.

Analyst Rekt Capital estimates ethereum is only “50–60% through its macro uptrend,” suggesting room for substantial gains. If bulls maintain control and breakout patterns play out as projected, ETH could not only reach $4,700 in the coming weeks but also set the stage for a push toward $5,000, keeping all-time highs well within reach.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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