Ethereum News Today: Ethereum Hits 4-Year High as Altcoins Surge on Institutional Inflows

Cryptocurrency markets have witnessed a renewed surge in altcoin prices, with Ethereum (ETH) spearheading the upward momentum and multiple alternative coins reaching significant milestones. The broader altcoin market has benefited from Ethereum’s performance, with OKB, AERO, ARB, and RAY Coin all posting strong gains in recent days. This rally reflects a combination of favorable technical indicators, regulatory clarity, and growing institutional interest.

Ethereum recently hit a four-year high of $4,666, surging over 8.5% in the past 24 hours [2]. The bullish trend has spilled over into altcoins, with OKB rising more than 10% and BNB up 6.5% [1]. The momentum is being fueled by increased institutional activity and positive market sentiment. CME’s Ethereum futures reported an all-time high of $118 billion in monthly trading volume in July, while open interest now stands at $6.04 billion [7]. Ethereum-based spot ETFs have also attracted substantial inflows, with BlackRock’s ETHA ETF capturing nearly 63% of total investments in a recent week [7].

Ethereum’s recent strength is underpinned by favorable technical indicators. It remains above all major exponential moving averages, with its RSI above 60 and MACD near its second-highest level of the year [7]. Analysts are watching the $4,869 level as a key resistance target, with a breakout expected to open the path toward $5,000 [7]. The Standard Chartered bank has raised its Ethereum price forecast to $7,500 by the end of 2025 and as high as $25,000 by 2028 [5].

OKB has seen a notable rally, exceeding $140 with a 203% increase. The recent token burn of 65,256,712.097 OKB by OKX has capped its supply at 21 million, providing a bullish catalyst for investors [1]. AERO has also performed well, with a 13% increase in a single day, pushing it closer to $1.6. Sustained price action above $1.3 could position the coin for further gains, with some analysts eyeing targets of $2.6 [1].

ARB, a key player in Ethereum’s Layer 2 solutions, is seeing its long-awaited rally unfold. A reclaim above $0.68 could signal a broader move toward $0.82 and $1. RAY Coin, too, has mirrored the gains of its peers, with recent price action revisiting the $3.85 resistance level after 93 days [1]. Analysts suggest that RAY could reach between $4.33 and $5.3 in the coming days, closely tracking BTC and ETH movements.

Despite the positive momentum, there have been signs of profit-taking. The “7 Siblings” Ethereum whale group sold $88.2 million worth of ETH in the past 15 hours, while the Ethereum Foundation offloaded 2,795 ETH at $4,700 [7]. However, long-term holders remain largely unchanged in their positions, suggesting the current selling pressure is primarily from short-term traders.

Ethereum continues to outperform the broader cryptocurrency market, with a nearly 41% surge in the past month compared to a 9% rise for the total crypto market [8]. The second-largest cryptocurrency by market cap is gaining ground on Bitcoin, which has seen its dominance wane.

As of the latest report, Ethereum was trading at around $4,707, up 8.35% in the past 24 hours [7]. A successful breakout above $4,869 could trigger additional buying, while a drop below $4,386 could lead to a short-term correction.

[1] Source: Best Crypto to Buy Now as Altcoin Prices Soar and Trump Eyes Bitcoin ETF (https://coincentral.com/best-crypto-to-buy-now-as-altcoin-prices-soar-and-trump-eyes-bitcoin-etf/)

[2] Source: Ethereum Hits 4-Year Highs, Analysts Predict $5241 as Next Target (https://coincentral.com/ethereum-hits-4-year-highs-analysts-predict-5241-as-next-target/)

[5] Source: Ethereum Price Forecast: Standard Chartered Ups Year-End Target to $7,500 (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-forecast-standard-chartered-ups-year-end-target-to-7-500-as-eth-approaches-all-time-high-202508132010)

[7] Source: Record-Breaking Institutional Inflows Could Ignite $10K Breakout (https://bravenewcoin.com/insights/ethereum-eth-price-prediction-record-breaking-institutional-inflows-could-ignite-10k-breakout)

[8] Source: Ethereum Outpaces Crypto Market with 41% Monthly Surge (https://m.economictes.com/markets/cryptocurrency/ethereum-outpaces-crypto-market-with-41-monthly-surge-bitcoin-at-119k-should-you-buy/articleshow/123274597.cms)