Ethereum News Today: Ethereum Surpasses All-Time High as Institutional Confidence and Regulatory Clarity Fuel Bull Run

Ethereum has surged past previous all-time highs, reaching a peak of $4,945 on Sunday, according to CoinGecko and CoinMarketCap data. This marks a significant milestone as the price exceeded the previous record of $4,878, set in November 2021. The momentum has been driven by a combination of on-chain metrics, institutional interest, and regulatory clarity, reinforcing the growing sentiment that Ethereum is in a strong bull cycle.

On-chain data indicates that Ethereum is in a "belief" phase, a stage historically linked to sustained price appreciation. The long-term holder (LTH) net unrealized profit/loss (NUPL) indicator has entered the "belief-denial" zone, signaling that investors are realizing profits at levels seen in previous bull cycles. Analyst Gert van Lagen notes that this phase typically precedes significant price rallies, with potential targets at $10,000 or higher. The transition from belief to euphoria—seen in past cycles—has historically coincided with large price movements, suggesting Ethereum may still have room to rise before reaching that stage.

Further supporting this view is the market value to realized value (MVRV) ratio, which currently stands at 2.08. This is significantly lower than peaks seen in 2017 and 2021, indicating that Ethereum remains undervalued relative to investor profits. A low MVRV ratio suggests that profit-taking is still subdued, leaving room for continued appreciation. Additionally, the MVRV extreme deviation pricing bands show that Ethereum is not yet near the uppermost band at $5,500, implying further upside potential before reaching extreme profit levels.

Institutional adoption has also played a key role in Ethereum's price trajectory. U.S. spot Ethereum ETFs have attracted record inflows, surpassing $1 billion in a single day for the first time since their launch. This trend has shifted the flow of capital toward Ethereum, with these ETFs outperforming their Bitcoin counterparts in recent weeks. Corporate treasury companies have similarly contributed to ETH accumulation. Entities such as SharpLink Gaming and BitMine Immersion have added billions in Ethereum holdings, reinforcing the narrative of long-term institutional confidence.

Regulatory developments have added further tailwinds. The U.S. Securities and Exchange Commission (SEC) has provided clearer guidance on staking services, allowing liquid staking providers to distribute rewards without the need for registration. This marks a shift from the more restrictive policies of the previous administration. Additionally, the passage of the GENIUS Act has created a regulatory framework for stablecoins, which predominantly operate on the Ethereum blockchain and are typically pegged to the U.S. dollar. These factors have strengthened Ethereum’s position as a foundational infrastructure for digital assets.

Looking ahead, technical indicators also support a bullish outlook. Ether’s price action has confirmed a megaphone pattern on the weekly chart, with a target of $10,000. The price has already broken through key resistance levels and has retested the neckline of a rounded bottom pattern, confirming the breakout. Analysts suggest that the next major target could be $12,130, a 161% increase from the current price. While these projections are optimistic, they are based on observed price patterns and on-chain behavior, with no external assumptions or speculative projections.

Source: [1] Ether Price Enters 'Belief Zone' Following $5K All-Time Highs (https://cointelegraph.com/news/20k-eth-price-in-play-ethereum-belief-zone) [2] Ether, Ethereum's coin, breaks 2021 all-time high (https://www.axios.com/2025/08/24/ether-all-time-high) [3] Ethereum briefly touches new high, nears $5,000 (https://finance.yahoo.com/news/ethereum-jumps-record-price-move-184709473.html) [4] Ethereum Hits Record, Cryptos Reverse On Bitcoin Flash ... (https://www.investors.com/news/ethereum-price-record-high-bitcoin-cryptocurrency-fed-speech/)