Ethereum News Today: Ethereum Price Surges Past $4,000 on Strong Buy Momentum and Dencun Upgrade Hopes

Ethereum’s price recently surged past $4,000 for the first time since December 2024, signaling renewed investor optimism and strong buying momentum. The cryptocurrency reached as high as $4,020 in a single trading session, marking a notable 3–6% increase. This upward movement followed a period of consolidation near the $3,800 level. The total market capitalization for Ethereum climbed to nearly $472 billion, while 24-hour trading volume spiked to almost $39 billion, reflecting heightened activity across exchanges [5].

Several factors are being cited as potential drivers behind this price increase. First, investor sentiment has improved significantly, with Ethereum breaking above $4,000—a level it had previously failed to maintain. This indicates stronger confidence in the network’s long-term utility and growth prospects. Second, the upcoming “Dencun” upgrade is expected to reduce transaction costs and improve network efficiency, making the platform more attractive for developers and users alike. Third, institutional interest is rising, particularly in the wake of Bitcoin ETF approvals, which have increased expectations for a similar regulatory development for Ethereum. Finally, the broader crypto market is experiencing a rally, with Bitcoin’s strong performance spilling over into altcoin markets, encouraging more aggressive risk-taking [5].

Technical indicators also suggest a bullish scenario. Ethereum has recently broken through key resistance levels at $3,900 and $4,000, supported by a 30% surge in trading volume. This aligns with a symmetrical triangle pattern that has been in formation since May 2025. Analysts suggest a successful breakout from this pattern could push Ethereum beyond $4,200, reinforcing the current upward trend [5]. Shorter-term charts show signs of an ascending triangle, where support levels are rising while resistance remains stable—further pointing to increased buyer control and momentum [5].

Some analysts believe Ethereum could continue climbing toward $5,000 or more by the end of the year, citing ongoing network improvements, increased adoption, and growing institutional participation as key factors. However, they also emphasize that a sustained close above $4,000 is crucial to confirm a long-term upward shift. The RSI stands at 66.12, indicating that the asset is not yet overbought and may have room to rise further [3].

Ethereum’s recent outperformance compared to other altcoins has also been notable, with its market dominance rising as Bitcoin’s share dipped below 60.7%. This shift reflects a broader reallocation of capital toward Ethereum, supported by both retail and institutional buyers [2].

With Ethereum 2.0 upgrades continuing and regulatory developments progressing in major jurisdictions such as the U.S. and EU, the asset appears to be gaining a stronger foundation for both short- and long-term growth. Investors are now closely watching whether Ethereum can maintain its position above $4,000 and establish a new price floor for the asset class [6].

Source:

[1] CoinCentral - [https://coincentral.com/ethereum-price-breaks-4000-mark-for-first-time-since-december-2024/](https://coincentral.com/ethereum-price-breaks-4000-mark-for-first-time-since-december-2024/)

[2] Cointelegraph - [https://cointelegraph.com/news/ethereum-beats-solana-in-capital-inflows-4k-target-in-sight](https://cointelegraph.com/news/ethereum-beats-solana-in-capital-inflows-4k-target-in-sight)

[3] CryptoDnes.bg - [https://cryptodnes.bg/en/ethereum-price-prediction-eth-closes-in-on-4k-will-it-hit-5k-this-august/](https://cryptodnes.bg/en/ethereum-price-prediction-eth-closes-in-on-4k-will-it-hit-5k-this-august/)

[5] Invezz - [https://invezz.com/news/2025/08/08/ethereum-price-surges-above-4000-4-reasons-why-eth-climb-may-continue/](https://invezz.com/news/2025/08/08/ethereum-price-surges-above-4000-4-reasons-why-eth-climb-may-continue/)

[6] InteractiveCrypto - [https://www.interactivecrypto.com/ethereum-at-3901-could-it-smash-4000-and-beyond-in-2025](https://www.interactivecrypto.com/ethereum-at-3901-could-it-smash-4000-and-beyond-in-2025)