Ethereum News Today: Ethereum Surges 28.2% to 44-Month High Close of $4,296

Generated by AI AgentCoin World
Sunday, Aug 10, 2025 8:56 am ET1min read
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Aime RobotAime Summary

- Ethereum closed at $4,296.41, a 44-month high and 28.2% surge from $3,354.28, marking its strongest performance since late 2021.

- Price fluctuated between $3,677.60 and $4,300 with $43.21B trading volume, down 10.62% from prior periods, while market cap reached $508.5B.

- Analysts highlight key support levels at $3,999.47 and $4,166.29, with $4,332.60 as immediate resistance, as sustained momentum above $4,200 suggests potential for further gains toward $10K.

- Leveraged long positions face increased risk amid rapid price swings, with exposure concentrated near year-high ranges despite recent 0.2% intraday decline to $4,212.62.

Ethereum closed at $4,296.41 on its latest trading session, marking the highest daily close in 44 months and the strongest performance since late 2021. The price surged from $3,354.28 to an intraday high of $4,332.60, with the upward movement unfolding over consecutive sessions without significant retracements. ETH briefly settled near $4,295.40 before pulling back slightly [1].

At the time of reporting, CoinMarketCap data showed

Ethereum
trading at $4,212.62, down 0.2% in the last 24 hours. Intraday fluctuations ranged between $3,677.60 and above $4,300, before stabilizing near current levels. The 24-hour trading volume reached $43.21 billion, a 10.62% decline from the previous period [1].

The market capitalization stood at $508.5 billion, with Ethereum holding firm above the $4,200 level following a pullback from above $4,300. According to Ash Crypto, the current rally reflects sustained gains over multiple trading sessions, with price momentum maintaining levels above the $4,166.29 support. Additional support levels are identified at $3,951.06 and $3,735.82 in case of further downward movement [1].

Trading volume during the period reached 724,079.84 ETH, equivalent to $3.04 billion in

USDT
. The rapid price movement has increased exposure for leveraged long positions, particularly if the price reverts toward lower support zones. Market activity remains concentrated around key price levels as Ethereum remains near its highest range of the year [1].

Ethereum’s daily chart shows continued upward momentum following the breakout of the $3,999.47 level earlier in the session. The price pushed through several resistance points without a notable correction before the close. The recent high of $4,332.60 now acts as the next immediate resistance, while $3,999.47 remains the key support level to monitor [1].

Source:

[1] title: Ethereum Hits 44-Month High Close at $4,296: Is This the Start of a Push Toward $10K?

(url: https://cryptonewsland.com/ethereum-hits-44-month-high-close-at-4296-is/)