Ethereum News Today: Ethereum Rises 8% on ETF Inflows and Strong On-Chain Activity

Ether is demonstrating renewed momentum as it moves closer to its historical peak of $4,867, with traders and analysts speculating that a potential price discovery phase could drive the token beyond previous highs. As of Aug. 5, 2025, the price of ETH rose by 8% in the last 24 hours, reaching intraday levels near $4,715 [1]. This movement is supported by a combination of bullish on-chain signals, robust ETF inflows, and growing institutional interest.

Significant capital has been pouring into spot Ethereum ETFs over the past six days, with a total of $2.3 billion in inflows. This includes a record $1 billion in net inflows on Aug. 11, highlighting a shift in investor sentiment where spot ETH ETFs have now attracted nearly $1.5 billion more than spot BTC ETFs since the beginning of July [1]. Institutional participation is also evident through the accumulation of ETH by major treasury entities. BitMine Immersion Technologies, for instance, holds 1.2 million ETH, valued at $5.33 billion, while SharpLink Gaming saw a 177% increase in holdings over the past month [1].

Ethereum’s network activity is also surging. On Aug. 12, the daily transaction count reached over 1.87 million, nearing a record high, with more than 50 million transactions processed in July 2025—the highest in over a year [1]. Simultaneously, total value locked (TVL) in DeFi has climbed to $95 billion, with Ethereum commanding a 61% market share. These figures suggest not just a price rally, but a broader increase in the network’s utility and adoption.

Technically, the next key resistance level for ETH is around $4,700, which represents the +1 standard deviation level of its active realized price. According to on-chain analyst Glassnode, this level often marks the point where selling pressure begins to emerge [1]. A decisive breakout above this level could signal the onset of a more speculative phase. Analyst CryptoOnchain noted that if transaction momentum remains strong and ETH breaks above $4,750, it could enter a price discovery phase [1].

Speculative price targets are beginning to emerge. Analyst Jelle highlighted a bullish megaphone pattern in ETH’s price action, suggesting potential price targets between $7,000 and $13,000 [1]. Crypto YouTuber and investor DivXMaN pointed to historical bull cycles and the rate of diminishing returns as factors that could see the price reach $13,000 [1]. Cointelegraph also reported that some analysts have projected ETH could rise as high as $20,000 in the current bull market.

While these forecasts are speculative and not investment advice, they reflect a growing consensus among traders and analysts that Ethereum is entering a new and potentially more aggressive phase of its bull cycle. With ETF inflows, on-chain metrics, and transaction volume all moving in a positive direction, the conditions are aligning for further upward movement. Investors are cautioned, however, to remain mindful of the volatile nature of the market and to conduct their own due diligence before making any trading decisions [1].

Source: [1] Ethereum Price Reaches $4.7K: How High Can ETH Go? (https://cointelegraph.com/news/ethereum-marching-toward-all-time-highs-as-traders-predict-13k-eth-price)