Ethereum News Today: Ethereum surges 19.61% to $3,934.55 driven by ETF inflows and whale accumulation

Ethereum has experienced a sharp price surge in late August 2025, breaking through the $4,000 threshold and pushing toward $4,200 following a technical breakout and a short squeeze that added momentum to the price action. This upward movement was supported by a $207 million liquidation of short positions, triggering a broader rally across the crypto market [1]. Analysts have noted that this movement signals a potential continuation of the upward trend, with price targets now set in the $4,350–$4,500 range, based on technical indicators and on-chain activity [2].

The surge has been further reinforced by renewed buying momentum over the past week, with Ethereum recording a 19.61% increase to $3,934.55 amid strong demand from institutional players and whale accumulation of over 10,000 ETH holdings [5]. The market cap reached $475.12 billion, driven by increased ETF inflows and a growing interest in Ethereum as a store of value [5]. This momentum has led to speculation that Ethereum could hit $5,000 in this cycle, with some analysts pointing to the $4,800 level as a key resistance and target [2].

Ethereum’s recent surge has followed a 500-day consolidation phase, during which it remained within a defined price range before breaking above $4,000 and $4,200 in just two days [2]. On-chain data indicates that holders are increasingly moving ETH to personal wallets, with exchange balances dropping to 18.8 million ETH by mid-June 2025. This shift suggests a reduction in selling pressure and growing confidence among long-term holders [5]. Founders of Glassnode, Jan Happel and Yann Alleman, have highlighted Ethereum’s current phase of accumulation, predicting a short-term upward trajectory [1].

The broader market has also reacted positively, with other altcoins gaining traction in response to Ethereum's upward move [2]. Arthur Hayes, former BitMEX CEO, has suggested that Ethereum could potentially double in price this year, adding to the bullish sentiment [3]. However, market observers have cautioned that while the current momentum supports further gains, a failure to maintain above $3,700 could trigger a retracement [3].

Ethereum has outperformed many of its peers in Q2 2025, posting a 35% gain [5]. Despite this, it remains approximately 20–30% below its all-time high. Sustained price action above $4,800 could attract renewed institutional and retail interest, potentially reshaping Ethereum’s market position. However, outcomes remain speculative amid ongoing macroeconomic uncertainties and regulatory scrutiny [2].

Source:

[1] CoinDesk - [https://www.coindesk.com/markets/2025/08/09/eth-jumps-7-to-usd4-200-highest-since-december-2021-as-analysts-forecast-what-s-next](https://www.coindesk.com/markets/2025/08/09/eth-jumps-7-to-usd4-200-highest-since-december-2021-as-analysts-forecast-what-s-next)

[2] Binance - [https://www.binance.com/en/square/post/28080820027785](https://www.binance.com/en/square/post/28080820027785)

[3] Yahoo - [https://finance.yahoo.com/news/ethereum-just-hit-4-000-144720193.html](https://finance.yahoo.com/news/ethereum-just-hit-4-000-144720193.html)

[5] AInvest - [https://www.ainvest.com/news/ethereum-news-today-ethereum-price-surges-19-61-etf-boost-whale-accumulation-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-price-surges-19-61-etf-boost-whale-accumulation-2508/)