Ethereum News Today: Ethereum Nears All-Time High on 7.3% 24-Hour Gain and Surging Institutional Demand

Ethereum is edging closer to its all-time high as bullish technical indicators gain traction amid a complex mix of market dynamics. On August 13, 2025, Ethereum was trading at $4,618.95, up 7.3% over the previous 24 hours [1]. This price level is just 6.4% below its record high of $4,891.50, set in November 2021. The growing optimism is evident in Ethereum’s market capitalization, which has reached $557.54 billion, reflecting heightened investor activity [2].

Despite the positive price movement, large short positions are suffering substantial losses. Abraxas Capital, a major player in the short market, has recorded an unrealized loss of $244.78 million, with $188.7 million attributed directly to Ethereum [3]. These losses are a clear sign of the strain that a bullish market is placing on bearish bets. The low funding rates for ETH further indicate that the market may continue to rise without triggering widespread liquidation [4].

Retail sentiment, however, remains cautious. Whale activity has increased, with large holders offloading significant quantities of ETH. While whale selling can exert downward pressure, the current market demand appears resilient, effectively absorbing large trades without causing significant price dips [5]. Analysts note that low retail sentiment often precedes price increases in Ethereum, pointing to potential upward momentum as skepticism among small investors lingers [6].

Institutional interest in Ethereum has also surged. Ethereum futures trading volume on the CME reached a record $118 billion in July, marking an 82% increase from June [7]. This surge is attributed to a combination of speculative buying, particularly in late July, and optimism over potential U.S. Federal Reserve rate cuts. On July 31, Ethereum surpassed $4,400 after a whale transaction worth $1.34 billion [8].

The broader market has also benefited from Ethereum’s rally. Smaller cryptocurrencies such as Solana, Cardano, and Dogecoin have seen gains aligned with Ethereum’s performance. Meme coins, including PEPE, have also seen renewed interest, with traders viewing them as potential breakout candidates amid the bullish Ethereum environment [9].

While the current price action suggests a strong upward bias, Ethereum still faces critical resistance near its previous peak. A sustained move above $4,350 could serve as a catalyst for a push toward the $4,850 level. However, analysts caution that a full bull market can only be confirmed once Ethereum demonstrates consistent strength beyond this threshold [10].

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[1] Ethereum Approaches All-Time High Amid Short Losses and Cautious Retail Sentiment. https://en.coinotag.com/ethereum-approaches-all-time-high-amid-short-losses-and-cautious-retail-sentiment/

[2] Ethereum Flashes Once-In-A Decade Bull Signal, Says .... https://www.mitrade.com/insights/news/live-news/article-3-1035029-20250813

[3] Ethereum Surges Past $4400 on Institutional Buying and .... https://www.ainvest.com/news/ethereum-news-today-ethereum-surges-4-400-institutional-buying-fed-rate-cut-hopes-2508/

[4] Ethereum Price Hits $4400 on CPI Data And Surging .... https://www.fastbull.com/news-detail/ethereum-price-hits-4400-on-cpi-data-and-4339330_0

[5] Ether Profit-Taking Increases as Price Hovers Near $4300. https://thecurrencyanalytics.com/altcoins/ether-profit-taking-increases-as-price-hovers-near-4300-190146

[6] Ethereum Trades Surge As Prices Skyrocket. https://m.fastbull.com/news-detail/ethereum-trades-surge-as-prices-skyrocket-4339297_0

[7] Market Quick Take - 13 August 2025. https://www.home.saxo/content/articles/macro/market-quick-take---13-august-2025-13082025

[9] PEPE Coin Surges with Ethereum Rally: Breakout Ahead?. https://www.mitrade.com/insights/news/live-news/article-3-1035055-20250813

[10] WBETH Hits New All-Time High with 4.31% Surge. https://m.economictimes.com/crypto-news-today-live-12-aug-2025/liveblog/123243763.cms