Ethereum News Today: Ethereum Hits $4,624 on 7% 24-Hour Gain Amid Strong ETF Inflows

Ethereum surged to $4,624.55 on August 13, 2025, marking the second time in history the cryptocurrency has broken the $4,600 level and approaching its all-time high of $4,892. The price gain reflects a 7% rise in the past 24 hours and a 27% climb over the past week, fueled by sustained buying pressure and strong ETF activity. The price briefly reached $4,647 during the session, a level not seen since November 2021 [1].

Market data indicates Ethereum is approximately 5% away from its historical peak, with traders closely monitoring the $4,647 resistance level. A decisive close above this level could set the stage for further gains, with support levels identified at $3,944 and $3,400 based on long-term trendlines [1].

Analysts highlight that liquidation clusters above $4,600 have thinned, reducing immediate overhead resistance. This suggests fewer barriers to a potential breakout. According to Cas Abbé, Ethereum’s buyers continue to dominate the market, with two possible short-term scenarios: a pullback to the $4,400–$4,450 range followed by a new high, or a direct move toward the all-time high, potentially leading to a deeper correction [1].

Ethereum’s 30-day netflow remains in negative territory, indicating ongoing outflows from exchanges. As of August 12, the net outflow averaged -40,000 ETH per day, a sign of strong retail and institutional accumulation. Analysts attribute this trend to the ongoing influx from Ethereum spot ETFs, which are reducing selling pressure by withdrawing liquidity from exchange wallets [1].

On-chain metrics show sustained negative netflows often coincide with upward price movements, reinforcing the bullish narrative. With reduced liquidation points above current levels and increased buying pressure, many market participants are anticipating a continuation of the upward trend.

Institutional demand is also reflected in Ethereum’s broader market dynamics. The cryptocurrency has attracted over $1 billion in single-day ETF inflows, demonstrating its growing role as a foundational infrastructure for programmable money and decentralized applications. This trend aligns with the broader institutional shift toward smart contract platforms, with Ethereum maintaining a dominant position in the altseason [2].

Ethereum’s momentum is supported by strong technical indicators. The RSI has entered overbought territory, suggesting potential for a short-term consolidation or pullback. However, the moving averages and MACD remain bullish, signaling continued upward momentum.

Analysts outline three possible price scenarios for Ethereum over the next 90 days: an ATH breakout (45% probability), a healthy correction to $3,800–$4,200 (35% probability), or extended consolidation between $4,000–$4,500 (20% probability). The next few trading sessions will be critical in determining whether Ethereum consolidates or pushes toward record highs [2].

A breakout above $4,500 would mark a psychological milestone and could validate Ethereum’s potential to reach $6,000 or even $8,000. Conversely, a failure to clear this level may lead to a consolidation phase, offering an ideal entry point ahead of the next wave of institutional buying [2].

Sources:

[1] CoinMarketCap - [ETH Hits $4,624, Could This Be the Final Push to New ATH?](https://coinmarketcap.com/community/articles/689c6b7554d4636c816fce08/)

[2] Cryptonews - [ChatGPT's ETH Analysis: $4410 Rally Nears ATH](https://cryptonews.com/news/chatgpts-eth-analysis-reveals-explosive-rally-to-4410-just-9-from-ath-as-1b-daily-etf-inflows-drive-institutional-fomo/)