Ethereum News Today: Ethereum Soars Past $4,800 as Institutional Bet Gains Momentum

Ethereum (ETH) briefly surpassed $4,800 on Friday, marking a new all-time high amid renewed optimism across the cryptocurrency market. The surge was driven by several factors, including record inflows into Ethereum-based exchange-traded funds (ETFs), growing institutional adoption, and comments from Federal Reserve Chair Jerome Powell hinting at potential interest rate cuts. Following the rally, Ethereum climbed to $4,880 on Bitstamp, eclipsing its previous record of $4,878 set in November 2021 [1].

The cryptocurrency’s recent performance has been particularly strong, with ETH rising over 15% in the past 24 hours and more than 40% year-to-date. This outpaces Bitcoin’s gains and has fueled speculation that Ethereum is becoming the preferred blockchain for institutional and traditional finance (TradFi) investors. Record inflows into U.S. spot Ethereum ETFs contributed to the momentum, with over $1 billion in inflows reported in a single day in mid-August. BlackRock’s ETHA fund alone added more than 150,000 ETH to its holdings, reflecting broader confidence in the asset [1].

Institutional interest in Ethereum has continued to grow, with several publicly traded companies amassing significant holdings. BitMine, for instance, has acquired over a million ETH, while SharpLink Gaming has added more than $3.5 billion worth of the asset to its treasury. These moves mirror the strategy employed by Michael Saylor’s Strategy, which began purchasing Bitcoin in 2020 to drive its stock performance. As more companies adopt Ethereum as part of their digital asset portfolios, the token’s demand and market capitalization have continued to rise [1].

The market’s reaction to Powell’s dovish comments was swift and pronounced. On Friday, Ethereum surged nearly 8% in a single hour following the speech and continued to climb throughout the day. This aligns with broader market dynamics, where lower interest rates tend to reduce the appeal of the U.S. dollar and boost demand for non-yielding assets such as cryptocurrencies. The increase in demand was also supported by Ethereum’s improved technical fundamentals, including higher trading volumes and a stable network gas fee environment post-Pectra upgrade [3].

Analysts suggest that Ethereum is well-positioned to continue its upward trajectory, with some forecasts projecting a move toward $6,000 in the near term and even $10,000 in the medium term. These expectations are based on Ethereum’s growing role in DeFi and enterprise applications, as well as the token’s dominance in the DeFi liquidity space. Layer-2 networks like Base are also gaining traction, further supporting the ecosystem’s expansion. While short-term volatility remains, many observers believe the underlying fundamentals for Ethereum are stronger than in previous bull cycles, potentially supporting much higher price targets [3].

Despite the bullish momentum, market participants remain cautious. Recent data shows that Ethereum ETFs experienced significant outflows totaling over $678 million in three consecutive days, the largest such streak since the products launched. This highlights the potential for continued price swings as institutional investors adjust their positions. However, the fact that inflows quickly resumed after a brief dip suggests that long-term demand for Ethereum remains robust. Analysts are closely monitoring key resistance levels, particularly the $4,400–$4,500 range, to determine whether Ethereum will break out to new highs or consolidate in the near term [3].

Source:

[1] Ethereum Hits All-Time High Price After Nearly 4 Years (https://finance.yahoo.com/news/ethereum-hits-time-high-price-213405633.html)

[2] Ethereum's Price Explodes to a New All-Time High (https://cryptopotato.com/ethereums-price-explodes-to-a-new-all-time-high/)

[3] Ethereum Price Forecast: at$ 4,331 ETH-USD Targets $6,000 ... (https://www.tradingnews.com/news/ethereum-price-forecast-eth-usd-at-4331-usd-eyes-6k-usd-breakout)

[4] Ethereum hits fresh all-time high amid wider market rally ... (https://www.theblock.co/post/366657/shell-dnp-ethereum-hits-new-all-time-high-price-as-eth-crosses-4900-for-the-first-time-ever)

[5] Ethereum (ETH) Surges to New All-Time High Amid Likely ... (https://www.coindesk.com/markets/2025/08/22/ethereum-surges-to-new-all-time-high-amid-likely-september-rate-cut)