Ethereum News Today: Ethereum Surges Past $4,000 as Binance Transfers ETH to Wintermute Amid Volatile Rally

Ethereum surged past $4,000 for the first time since December 2024, marking a notable milestone for the second-largest cryptocurrency by market capitalization. The price rally, driven by sustained upward momentum and heightened market activity, saw ETH gain over 6% in 24 hours and nearly 10% in seven days. By 1:20 p.m. EST on August 8, 2025, Ethereum traded at $4,050, reflecting renewed investor confidence and speculative enthusiasm [2]. The price breakout coincided with significant on-chain activity as Binance, the largest centralized crypto exchange by trading volume, moved tens of thousands of ETH to market maker Wintermute [5]. These transfers occurred amid a broader period of heightened market volatility, including $105 million in Ethereum short positions being liquidated on August 8 alone [5].

The timing and scale of Binance’s Ethereum transfers have sparked speculation about potential impacts on liquidity and price dynamics. According to data from Arkham Intelligence, the volume and timing of these movements closely matched Ethereum’s price rise, prompting analysts to scrutinize the relationship between the transfers and market behavior [1]. Some industry experts suggest that such large-scale operations may briefly disturb market stability, although Binance has historically stated that such transfers are primarily conducted for liquidity management and institutional customer requests [1]. Wintermute, as a market maker, has not publicly commented on its role in the transactions.

The price rally also triggered broader market shifts. The ETH/BTC ratio approached yearly highs, while Bitcoin’s dominance fell to 60.7%, indicating a redistribution of capital toward altcoins [4]. Additionally, a large whale reportedly withdrew 3,356.78 ETH from Binance within 24 hours, averaging $3,925.5 per ETH, further fueling speculation about the movement of large holdings [9]. These developments have drawn attention from both retail and institutional investors, with some analysts pointing to the sustained upward trajectory as a sign of improving sentiment in the crypto space, despite the ongoing risks associated with leveraged positions [5].

While some observers have speculated that Ethereum could reach $10,000 in 2025, such forecasts remain unverified and should be treated as projections rather than confirmed outcomes [2]. The recent movement of large Ethereum positions and the timing of the price breakout suggest a complex interplay between market makers, institutional participants, and retail traders. The Ethereum price surge has also had a cascading effect on other altcoins, with many experiencing gains amid the broader market optimism [6]. However, the long-term sustainability of the rally will depend on continued adoption, macroeconomic conditions, and regulatory developments.

Sources:

[1] CoinCentral - [https://coincentral.com/ethereum-holds-gains-above-4k-as-binance-sends-eth-to-wintermute/](https://coincentral.com/ethereum-holds-gains-above-4k-as-binance-sends-eth-to-wintermute/)

[2] Bitcoin.com - [https://news.bitcoin.com/eth-breaks-4000-for-first-time-since-december-price-projected-to-hit-10000-this-year/](https://news.bitcoin.com/eth-breaks-4000-for-first-time-since-december-price-projected-to-hit-10000-this-year/)

[4] Binance - [https://www.binance.com/en/square/post/28079198369849](https://www.binance.com/en/square/post/28079198369849)

[5] Binance - [https://www.binance.com/en/square/post/08-09-2025-ethereum-news-105m-ether-shorts-liquidated-as-eric-trump-warns-bears-stop-betting-against-btc-and-eth-28078768586409](https://www.binance.com/en/square/post/08-09-2025-ethereum-news-105m-ether-shorts-liquidated-as-eric-trump-warns-bears-stop-betting-against-btc-and-eth-28078768586409)

[6] AInvest - [https://www.ainvest.com/news/ethereum-news-today-ethereum-surpasses-4000-50-monthly-rally-binance-transfers-2508/](https://www.ainvest.com/news/ethereum-news-today-ethereum-surpasses-4000-50-monthly-rally-binance-transfers-2508/)

[9] Blockchain News - [https://blockchain.news/flashnews/eth-breaks-4-000-whale-withdraws-3-356-78-eth-from-binance-in-24-hours-at-3-925-5-average-wallet-0x46d-c35cf](https://blockchain.news/flashnews/eth-breaks-4-000-whale-withdraws-3-356-78-eth-from-binance-in-24-hours-at-3-925-5-average-wallet-0x46d-c35cf)