Ethereum News Today: Ethereum Surges Past $4600 on Record Transactions and $1.01 Billion ETF Inflows

Ethereum has seen a significant price surge, with the token trading above $4,600—its highest level since late 2021. This rally has been driven by both record transaction levels and robust institutional demand, signaling growing adoption and confidence in the blockchain network. Over the past 24 hours, Ethereum processed 1.875 million transactions, a new all-time high that reflects heightened user engagement and broader adoption [1]. This surge in activity aligns with Ethereum’s ongoing price movement, as the token approaches its former all-time high of $4,750, recorded in November 2021.

The rise in on-chain activity is accompanied by strong net inflows into Ethereum. The 30-day simple moving average (SMA30) for net inflows has dropped to -40,000 ETH, indicating a sustained withdrawal of holdings from exchanges. According to analysts at CryptoQuant, this trend suggests persistent buying pressure, which may continue to push the price upward [1]. Institutional demand has also been a key factor, with Ethereum-focused treasuries currently holding approximately $16.5 billion worth of ETH. These include publicly traded firms that treat the cryptocurrency as an alternative financial asset, leveraging staking to generate passive income and support network security [1].

Spot Ethereum ETFs have also recorded substantial inflows. On a single day, net inflows totaled $1.01 billion, with BlackRock’s ETHA and Fidelity’s FETH leading the way. ETHA alone recorded $640 million in inflows, while FETH added $277 million [1]. The cumulative inflow stands at more than $10.8 billion, contributing to a total of $25.7 billion in assets under management. Analysts have attributed this growing institutional interest to large fund allocations and increasing attention on Ethereum ETFs, which have helped push the price beyond $4,000 [1].

Ethereum’s price performance in August has also outpaced that of Bitcoin. According to Piyush Walke, a derivatives research analyst at Delta Exchange, Ethereum has gained roughly 25% in the month, compared to Bitcoin’s 3% increase. Walke attributed this outperformance to strong institutional inflows, technical breakouts, and positive sentiment around Ethereum ETFs [1]. Ryan Lee, chief analyst at Bitget, highlighted the role of Ethereum in DeFi and Web3, along with macroeconomic factors such as U.S. inflation data, as key drivers of the current momentum.

The surge in Ethereum’s price is also reflected in global search interest. Google Trends data shows that Ethereum’s global search volume has reached its highest level since 2021, with notable spikes in countries like North Macedonia, Switzerland, Singapore, and Austria. This indicates a growing international interest in the blockchain and its associated opportunities [1]. Additionally, Ethereum’s staking-linked tokens, including Lido Staked Ether (STETH), have gained traction, with both ETH and STETH rising over 20% and entering the top 15 cryptocurrencies by market cap according to CoinGecko [1].

Institutional accumulation has also contributed to the price rally. SharpLink, for instance, has accumulated over 600,000 ETH, valued at approximately $2.7 billion, and recently raised $900 million to further expand its treasury strategy. BitMine has similarly accumulated around 625,000 ETH, maintaining a leading position in corporate ETH reserves [1]. Whale activity has also added nearly $200 million in direct ETH purchases, reinforcing the bullish sentiment.

However, Ethereum’s current price sits just below a key resistance level. Analysts suggest that a breakout from this zone could push the price to a new all-time high, while a reversal may lead to a short-term consolidation phase. Vitalik Buterin, one of Ethereum’s co-founders, has warned that overleveraging could pose risks if large-scale liquidations occur, adding a note of caution for investors [1].

Overall, Ethereum’s strong fundamentals, including its ability to process near-record transactions and its improving scalability through network upgrades, have reinforced confidence among market participants. As institutional interest continues to grow and on-chain activity remains elevated, Ethereum appears well-positioned for further appreciation, with many observers expecting a potential retest of historic highs in the near future [1].

Source:

[1] Ethereum nears ATH as transactions and institutional ... (https://www.cryptopolitan.com/ethereum-nears-ath-demand-hit-record/)

[2] ETH Transaction Volume Climbs on Price Rally, Cheaper ... (https://www.coindesk.com/tech/2025/08/11/eth-transaction-volume-climbs-on-price-rally-cheaper-defi-costs)

[3] Ethereum Sees Biggest Search Spike on Google Since 2021 (https://cryptonews.com/news/ethereum-sees-biggest-search-spike-on-google-since-2021/)

[4] Ethereum Foundation Sells $13M ETH as Price Rises 8.3% ... (https://www.ainvest.com/news/ethereum-news-today-ethereum-foundation-sells-13m-eth-price-rises-8-3-strong-institutional-demand-2508/)

[5] ETH Price Surge: Key Drivers Behind Ethereum's Recent ... (https://tr.okx.com/en/learn/eth-price-surge-drivers-outlook)

[6] Ethereum's Next Stop: $5210 or $6946? Analyst Lays Out ... (https://cryptopotato.com/ethereums-next-stop-5210-or-6946-analyst-lays-out-the-path/)