Ethereum News Today: Ethereum Surges 19% Weekly as Bulls Target $12,000

Ethereum (ETH) has surged above $4,200, a level not seen since December 2021, signaling renewed bullish momentum in the market. Key support is currently identified at $4,000, while resistance remains at the critical $4,862 level [1]. Analysts have highlighted that buyers are showing strong intent to push the price higher, with the all-time high becoming a primary target. Once that level is breached, Ethereum could enter a new phase of price discovery [1].

Technical analysis further supports the bullish case. Since April, Ethereum has been in a consistent uptrend, with brief corrections failing to reverse the overall direction. Sellers attempted to keep the price below $4,000 in early August but were unsuccessful, allowing ETH to break through and strengthen the level as a key support [1]. The weekly MACD remains in a clear uptrend, with no signs of a reversal, suggesting that the rally may continue as long as the histogram continues to produce higher highs. The expansion of moving averages also reinforces a bullish bias [1].

Analysts have made a range of predictions for Ethereum’s future price action. Some suggest that the price could reach $6,500, citing strong technical indicators and rising institutional interest. More aggressive forecasts anticipate a move toward $7,000 or even $12,000, with analysts attributing these projections to continued Ethereum upgrades, such as ETH 2.0, which are expected to improve scalability and reduce gas fees [2][3]. Others have suggested a potential return to the all-time high of nearly $4,900 before the end of 2025, with even more ambitious targets of $10,000 or $12,000 by mid-2026 [4][5]. These projections, while speculative, underscore the growing optimism surrounding Ethereum’s long-term potential.

In the short term, Ethereum has posted a 19% weekly gain, supported by more than $5 billion in inflows into Ethereum ETFs over the past month [4]. This trend is viewed as a sign of strong institutional buying and increasing adoption of DeFi protocols and Layer 2 solutions [5]. A recent report noted that over 1.8 million Ethereum tokens were purchased in the past month, indicating that large investors are accumulating ahead of a potential price surge [4].

While Ethereum’s price forecasts are predominantly bullish, the broader market is also showing increased interest in smaller-cap projects, particularly in the DeFi and cross-border payment sectors [6]. However, these developments are not part of the immediate ETH price projections for this week [7].

Source:

[1] CoinMarketCap – [https://coinmarketcap.com/community/articles/6899b6e4169dd92d1050f094/](https://coinmarketcap.com/community/articles/6899b6e4169dd92d1050f094/)

[2] CryptoPotato – [https://cryptopotato.com/ethereum-eth-price-predictions-for-this-week/](https://cryptopotato.com/ethereum-eth-price-predictions-for-this-week/)

[3] Mitrade – [https://www.mitrade.com/insights/news/live-news/article-3-1027817-20250811](https://www.mitrade.com/insights/news/live-news/article-3-1027817-20250811)

[4] AInvest – [https://www.ainvest.com/news/ethereum-news-today-ethereum-price-surges-19-weekly-bulls-target-12-000-institutional-buying-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-price-surges-19-weekly-bulls-target-12-000-institutional-buying-2508/)

[5] Times – [https://timestabloid.com/ethereum-price-prediction-eth-set-to-outperform-bitcoin-if-eth-2-0/](https://timestabloid.com/ethereum-price-prediction-eth-set-to-outperform-bitcoin-if-eth-2-0/)

[6] Cointelegraph – [https://cointelegraph.com/tags/ethereum](https://cointelegraph.com/tags/ethereum)

[7] Digital – [https://digitalcoinprice.com/forecast/ethereum](https://digitalcoinprice.com/forecast/ethereum)