Ethereum will break $4,000 for the first time since December due to whale purchases, corporate recruitment and strong institutional benefits.
Whales have purchased more than 1.8 million ETH in the past month. The next major target price could be $6,400.
The community is awaiting approval for the Ethereum ETF bet by the SEC. This could be the next big catalyst.
Ethereum just surpassed the $4,000 mark for the first time since last December, sparking excitement among investors and traders. Supported by the purchase of big whales, increased corporate adoptions and fresh institutional influx, ETH shows signs of a strong comeback.
The second largest cryptocurrency has increased by 3.5% over the past 24 hours, over 8% over the past week, and about 50% over the past month. Despite this impressive rally, Ethereum is about 18% below its 2021 peak of $4,878.
Investor Ted Pillow highlighted how Eric Trump called the bottom completely for Ethereum by urging everyone to “buy a dip.” This strong rebound highlights new confidence in Ethereum’s momentum, suggesting that crypto could be preparing for further profits.
@@erictrump nailed $eth bottom.
Less than a week later, Ethereum told everyone to “buy dip,” so it’s up 18%. pic.twitter.com/xhwpb1qnh1
– Ted (@tedpillows) August 8, 2025
Will the Ethereum whales buy $6,000 next?
The Ethereum whales are also making big moves. Analyst Ali Martinez noted that in the past month alone, he has scooped up more than 1.8 million ETH, showing strong confidence from key holders. Analysts also say if Ethereum breaks beyond $4,000, $6,400 will be the next major target and will increase prices.
The whales purchased over 1.8 million Ethereum $eth last month! pic.twitter.com/ixoxpwaxmk
– Ali (@Ali_Charts) August 8, 2025
Increased recruitment of companies
Ethereum’s corporate recruitment is also growing, with companies like Bitmine Immersion and Sharplink Gaming holding billions of Ethereum. What’s more, the Spot Ethereum ETF has been attracting strong institutional interest in recent weeks. On August 7th, Ethereum ETF saw an inflow of over $222 million. BlackRock’s iShares has added 26,604 ETH, $103.9 million.
$ ETH ETF inflow + yesterday $ 222,300,000.
Ethereum bounces off and FOMO returns soon. pic.twitter.com/d7kp002hkg
– Ted (@tedpillows) August 8, 2025
Also, Ethereum broke its May 2021 high after a July break in July with more than 46 million transactions, hitting a new record with 1.74 million transactions daily. The Ethereum community is also awaiting the SEC’s approval of the SEC’s existing Ethereum ETF. This allows investors to earn rewards and act as their next major catalyst.
Analyst Michael Van de Poppe says the $4,000 mark is the ideal point for short-term profits, but it’s not the best time to buy. He explained that with the elimination of short-term liquidity, future revisions should be short and volatile, and that prices are expected to continue on an upward trend. Overall, he has a strong prospect of Ethereum moving forward.
Altcoins were ready to make a big profit
In a previous tweet, Van de Poppe said he expects 200-500% profit from Altcoins over the next 2-4 months. While many altcoins have yet to return to their early levels in 2025, Ethereum’s recent movement signal has increased risk appetite.
Bitcoin remains relatively around $116,800, but Ethereum’s recent profits have increased the ETH/BTC ratio by 3% over the past hour. Other altcoins also show significant benefits of up to 3-9%.