Ethereum News Today: Ethereum Surges 10% on ETF Inflows, Nears 2021 High

Ethereum (ETH-USD) has climbed past $4,700, bringing it within $200 of its all-time high of $4,878, set in November 2021[1]. The price surge has been fueled by strong inflows into Ethereum-based ETFs, which several analysts have cited as a key driver for continued upward momentum[2]. Over the past 24 hours, the cryptocurrency gained nearly 10%, reaching a recent high of $4,737.38[3].

Since April, Ethereum’s price has risen by 234%, aligning closely with the launch of new ETF products[1]. This performance has contributed to a growing sense of bullish sentiment, with many observers noting that Ethereum’s price action is increasingly mirroring the broader risk-on market environment. The market capitalization of Ethereum is currently at $560.10B, with the price hovering close to the 2021 peak level of $4,725.21[5].

Standard Chartered has recently revised its Ethereum price forecast, predicting that the asset could exceed its 2021 high of $4,866 by the third quarter of 2025[4]. This revised outlook reflects broader confidence in the digital asset’s potential, particularly in the context of ongoing ETF-driven demand. The ETF-related inflows have not only supported Ethereum but have also contributed to a positive ripple effect across the altcoin market, with other digital assets seeing gains as a result[1].

The cryptocurrency’s recent performance has drawn comparisons to the broader financial market. Much like the S&P 500 and Nasdaq, which are also pushing through their own record highs, Ethereum appears to be part of a wider trend of bullish momentum for risk assets[6]. However, whether Ethereum can maintain its upward trajectory and ultimately surpass its 2021 record remains uncertain. So far, no major bearish catalysts have emerged to challenge the current momentum, allowing the price to continue its climb toward a potential new milestone.

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Source:

[1] Ethereum about $200 from its all-time highs – Technical Outlook

https://www.marketpulse.com/markets/ethereum-about-200-from-its-all-time-highs-technical-outlook/

[2] Ether nears 2021 record high as money pours into ETFs ...

https://www.cnbc.com/2025/08/13/ether-nears-2021-record-high-as-money-pours-into-etfs-bullish-forecasts-abound.html

[3] Ethereum Inches From Record, Dogecoin Soars

https://stocktwits.com/news-articles/markets/cryptocurrency/ethereum-inches-from-record-dogecoin-soars/chrCBj9RdBU

[4] Fundstrat's Tom Lee, Standard Chartered sees Ethereum ...

https://seekingalpha.com/news/4484599-fundstrats-tom-lee-standard-chartered-sees-ethereum-soaring

[5] Ethereum Price, ETH Price, Live Charts, and Marketcap

https://www.coinbase.com/price/ethereum

[6] S&P 500 and Nasdaq bully through their all-time highs

https://www.marketpulse.com/markets/sp-500-and-nasdaq-bully-through-their-all-time-highs/