Ethereum (ETH) surged beyond the $4,000 mark on August 8th, reaching its highest level this year after a sustained market rally that won nearly 50% in the past month.
Data from Encryption It shows that assets peaked at $4,047 during US trading hours. In particular, the last deal with ETH exceeding $4,000 was in December 2024, when optimism over Donald Trump’s election victory fostered a wave of pro-cryptic sentiment in the US.
Meanwhile, Coinglass data reveals the latest rally that Bearish Traders has been made fun of. The short position against ETH has suffered a total loss of $134 million over the past 24 hours as prices ignored expectations.
Institutional demand drives ETH
Ethereum’s breakout comes amid a surge in institutional interest in digital assets in the Treasury reserves.
Over the past month, major companies such as Sharplink and Bitmine have accumulated key ETH holdings and announced plans to buy billions of dollars.
According to strategic ETH reserve data, these entities collectively own more than 3 million ETH in 2.5% of their total supply, valued at over $12 billion. Bitmine leads at 833,100 ETH, worth around $5.2 billion.
Vitalik Buterin, co-founder of Ethereum, expressed careful optimism about the growing corporate interest in ETH.
While he welcomed adoption, Butaline warned businesses against over-converting their ETH holdings.
According to Buterin:
“If you awaken me three years from now and told me that the Treasury had led to the downfall of ETH… my guess is they turned into an over-game.”
In addition to these companies, Ethereum Network has seen a surge in recruitment through Exchange Trade Funds (ETFs), which recorded a record $5 billion outflow recorded in July.
According to SOSO Value Data, this trend continues into the new month, with nine funds recording just two days of outflows in August, compared to the four-day outflow experienced by Bitcoin counterparts.
Additionally, traditional financial power houses such as BlackRock and Robinhood have expanded their activities with regard to Ethereum, focusing on real-world asset (RWA) tokenization.
What’s next for Ethereum prices?
Going forward, market optimism continues to rise with expectations for continued price growth for Ethereum.
Crypto Bettors of Polymarket, a leading distributed forecasting platform, believes there is a 60% chance that ETH will exceed $5,000 by the end of the year. Meanwhile, 36% of traders believe it could reach $6,000, while 24% forecast a $7,000 increase.
In particular, Bitmex co-founder Arthur Hayes is even more bullish about Ethereum prices reaching $10,000 by the end of the year.
Bitmine’s prediction, meanwhile, suggests a much higher possibility, estimated the implicit price of ETH at $60,000.
Ethereum Market Data
When reporting 8:22pm, UTC on August 8, 2025Ethereum ranks second in terms of market capitalization, and the price is above 5.63% Over the past 24 hours. Ethereum has a market capitalization $48.837 billion 24-hour trading volume $460.5 billion. More about Ethereum›
Overview of the Crypto Market
When reporting 8:22pm, UTC on August 8, 2025Crypto market totals are evaluated by $3.89 trillion There is a 24-hour volume $182.75 billion. Bitcoin’s advantage is currently underway 59.67%. Crypto Market Details›
