Ethereum News Today: Big Money Bets Ethereum Will Conquer Wall Street—Even as Price Wavers

Ethereum’s price fell below $4,200 in recent trading, marking a pullback after reaching a four-year high in early August. The cryptocurrency had closed the week at $4,475 on August 13, driven by record inflows into spot Ethereum ETFs and rising on-chain activity. However, the subsequent decline has drawn attention to key support levels, with analysts closely watching whether the price can hold above $4,150 to avoid deeper losses.

The surge in Ethereum prices earlier in the month was fueled by massive inflows into exchange-traded products (ETPs), particularly through BlackRock’s ETHA fund, which accounted for 58.03% of all Ethereum ETF holdings as of late July. Total inflows into Ethereum-based ETPs reached $2.9 billion in the week ending August 13, according to CoinShares. These figures reflect strong institutional confidence in the second-largest cryptocurrency by market capitalization. Additionally, corporate treasuries with combined holdings of $17.3 billion in ETH have contributed to sustained buying pressure, further underlining Ethereum’s role in the evolving financial ecosystem.

Despite the recent dip, long-term sentiment among institutional and retail investors remains bullish. Tom Lee, chairman of BitMine Immersion Technologies Inc., emphasized Ethereum’s potential as the backbone of a new financial system during the Ethereum NYC 2025 event in New York. He argued that Ethereum’s programmable smart contract platform offers a more versatile infrastructure compared to Bitcoin, enabling automated financial operations such as trading, lending, and interest payments without intermediaries. This unique feature, combined with growing adoption in decentralized finance (DeFi) and layer-2 solutions, has positioned Ethereum as a cornerstone of the digital asset economy.

The broader technical outlook for Ethereum remains cautiously optimistic, with analysts identifying key price levels to monitor. A weekly close above $4,550 could signal a continuation of the bullish trend, with potential targets set between $5,000 and $5,800. Conversely, a weekly close below $4,150 could trigger a correction to the $3,650–$3,750 range. Short-term liquidity battles are expected to persist between $3,900 and $4,400, with the 20-day exponential moving average currently sitting at $4,140. On-chain data also shows that more than 46.67 million transactions were recorded in July, driven largely by stablecoin transfers and DeFi activity, highlighting the network’s growing utility beyond speculative trading.

While the immediate volatility poses challenges, the long-term fundamentals for Ethereum remain robust. Record on-chain activity and institutional adoption suggest that Ethereum’s integration into mainstream financial infrastructure is accelerating. Corporate entities are increasingly treating Ether as a strategic asset, with treasury programs locking up supply to stabilize price and foster demand. Analysts project that if Ethereum retests the $3,900 level and holds, it could rally to as high as $8,000 in the coming months. For now, the market is closely watching how Ethereum navigates this critical price range, which could determine the trajectory of its next major move.

Source:

[1] Ethereum's Big Backers Unleash Billions to Push Into Wall Street (https://finance.yahoo.com/news/ethereum-big-backers-unleash-billions-130704758.html)

[2] Ether sets highest weekly close in 4 years (https://cointelegraph.com/news/ethereum-sets-highest-weekly-close-in-4-years-watch-these-eth-price-levels)

[3] ETH charts predict $3.9K retest, then a 100% rally to new ... (https://cointelegraph.com/news/eth-charts-predict-dollar3-9k-retest-then-a-100percent-rally-to-new-highs)