Ethereum News Today: Ethereum Surges 218% on Strong ETF Inflows and Treasury Demand

Ethereum’s price surged past $4,500 on Tuesday, marking its first time reaching that level since November 2021. The cryptocurrency has gained 218% from its April low, elevating its market capitalization to over $533 billion [1]. Analysts note that such a surge in ETH often drives upward momentum across top ERC-20 tokens, making it a strategic time for investors to consider low-priced alternatives [1].

As ETH gains strength, several factors contribute to this rally. These include sustained inflows into Ethereum ETFs and strong demand from Ethereum treasury companies such as BitMine, The Ether Machine, and SharpLink [1]. These dynamics suggest a broader bullish environment for the Ethereum ecosystem [1].

Among the most notable low-priced tokens to consider are Pepe (PEPE), Chainlink (LINK), and Ethena (ENA). These assets show strong technical indicators and fundamental momentum that align with the broader ETH rally [1].

Pepe (PEPE) is positioned as a key play within the Ethereum ecosystem. The token remains above its 50-day and 100-day Exponential Moving Averages and has broken out above a key ascending trendline [1]. Technical analysts suggest it could retest the $0.00001628 resistance level, a price point 35% higher than its current value [1]. As the second-largest meme coin in the Ethereum ecosystem after Shiba Inu, Pepe is drawing significant investor attention [1].

Chainlink (LINK) is another top pick. It has formed a double-bottom pattern at $11 and has entered the third phase of the Elliott Wave pattern, a strong bullish signal [1]. The token also completed a golden cross when its 50-day and 200-day Exponential Moving Averages crossed [1]. While the Relative Strength Index has reached an overbought level of 70 and the Average Directional Index has climbed to 30, these suggest continued upward potential [1]. LINK has also demonstrated strong fundamentals, with total value locked rising to over $93 billion [1].

Ethena (ENA) is another promising asset. The token has moved above the 50% Fibonacci retracement level at $0.7783 and has seen a dramatic increase in total value locked, reaching a record $10 billion [1]. Analysts suggest ENA is well-positioned to extend its rally, with a next key resistance target at $1 [1].

The broader Ethereum rally has also shifted investor attention toward altcoins, especially those showing signs of parabolic potential. Some reports highlight projects such as Bitcoin Hyper ($HYPER) and others, though these are not part of the core "top 3" cheap crypto recommendations [2].

Ethereum’s recent performance has been tempered by mixed reactions to the Ethereum ETF approval. Despite the milestone, ETH is trading just under $4,000, which some analysts describe as modest given the hype [3]. Nevertheless, the continued inflow of capital and institutional interest is likely to keep the momentum going for both ETH and its top ERC-20 tokens [1].

The current environment reflects a broader market optimism driven by strong technical formations and rising demand for Ethereum-based assets [1]. As the market continues to evolve, investors are advised to remain cautious and focus on projects with strong fundamentals and clear use cases [1].

Source: [1] Top 3 cheap crypto to buy as Ethereum price goes parabolic (https://crypto.news/top-3-cheap-crypto-to-buy-as-ethereum-price-goes-parabolic/)

[2] Best Altcoins to Buy Now as Ethereum Blasts Past $4K and ... (https://www.mitrade.com/insights/news/live-news/article-3-1026055-20250809)

[3] Ethereum ETFs Can't Match the Hype – Remittix $20M ... (https://www.mitrade.com/insights/news/live-news/article-3-1032527-20250812)