{"id":25929,"date":"2025-08-08T09:40:00","date_gmt":"2025-08-08T06:40:00","guid":{"rendered":"https:\/\/forklog.com\/en\/ether-tests-4000\/"},"modified":"2025-08-08T09:40:00","modified_gmt":"2025-08-08T06:40:00","slug":"ether-tests-4000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ether-tests-4000\/","title":{"rendered":"Ether tests $4,000"},"content":{"rendered":"<p>The second-largest cryptocurrency has risen <a href=\"https:\/\/www.coingecko.com\/\">5.8% in the past 24 hours<\/a>. At one point it touched $3969, setting a local high.<\/p>\n<p><!--more--><\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">8 August 2025 | 17:07<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Ether reached $4012. The asset last traded at such heights in late December last year.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_17-02-53_6494e-1024x659.png\" alt=\"ETHUSDT_2025-08-08_17-02-53_6494e\" class=\"wp-image-263567\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_17-02-53_6494e-1024x659.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_17-02-53_6494e-300x193.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_17-02-53_6494e-768x495.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_17-02-53_6494e.png 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHUSDT\/\" title=\"TradingView\">TradingView<\/a>. <\/figcaption><\/figure>\n<\/div>\n<p>The asset\u2019s market value is 19.9% below its <span data-descr=\"all-time high of the metric\" class=\"old_tooltip\">ATH<\/span>, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"659\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_09-24-22_c4944-1024x659.png\" alt=\"ETHUSDT_2025-08-08_09-24-22_c4944\" class=\"wp-image-263492\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_09-24-22_c4944-1024x659.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_09-24-22_c4944-300x193.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_09-24-22_c4944-768x495.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSDT_2025-08-08_09-24-22_c4944.png 1500w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of ETH\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Other popular cryptoassets also rallied over the day: XRP and Dogecoin rose 10.9% and 7.3%, respectively.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"690\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-47-1024x690.png\" alt=\"CoinGecko\" class=\"wp-image-263493\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-47-1024x690.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-47-300x202.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-47-768x517.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-47.png 1082w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Top-10 most capitalised cryptoassets. Source: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Total market capitalisation <a href=\"https:\/\/www.coingecko.com\/en\/global-charts\">stands at $3.03 trillion<\/a>, up 3% in the past 24 hours.<\/p>\n<h2 class=\"wp-block-heading\">Improving fundamentals<\/h2>\n<p>Ether\u2019s price is rising alongside a revival in on-chain activity. The chart below shows daily transaction volume (<span data-descr=\"metric smoothed by a seven-day moving average\" class=\"old_tooltip\">7 MA<\/span>) hitting all-time highs:<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/ethereum\/transactions-on-the-ethereum-network-daily\/embed\" title=\"Transactions on the Ethereum Network (Daily, 7DMA)\"><\/iframe><\/p>\n<p>On a monthly basis, July was a record for Ethereum.\u00a0<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"420\" frameborder=\"0\" src=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/ethereum\/transactions-on-the-ethereum-network-monthly\/embed\" title=\"Transactions on the Ethereum Network (Monthly)\"><\/iframe><\/p>\n<p>The number of new addresses is approaching the all-time high reached in May 2021.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"194\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH-1024x194.png\" alt=\"New_addr_ETH\" class=\"wp-image-263499\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH-1024x194.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH-300x57.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH-768x145.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH-1536x291.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/New_addr_ETH.png 1695w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trend in the number of new Ethereum addresses (7 MA). Source: <a href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/ethereum\/number-of-active-addresses-on-the-ethereum-network-7dma\">The Block<\/a>.\u00a0<\/figcaption><\/figure>\n<p>In staking, validator numbers and the amount of ETH locked continue to rise \u2014 now at 1.1 million and 36.1 million, respectively:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"249\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dune-18-1024x249.png\" alt=\"Dune\" class=\"wp-image-263500\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Dune-18-1024x249.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Dune-18-300x73.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Dune-18-768x187.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Dune-18.png 1487w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Trends in validator count and Ethereum in staking. Source: <a href=\"https:\/\/dune.com\/queries\/1933076\/3188545\">Dune<\/a>.\u00a0<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">ETF factor<\/h2>\n<p>Net inflows into spot Ethereum ETFs over the past day totalled $222.34 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-ETF-inflows-1.webp\" alt=\"ETH-ETF-inflows\" class=\"wp-image-263505\"\/><figcaption class=\"wp-element-caption\">Flow dynamics, trading volume and AUM of spot Ethereum ETFs. Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>Positive flows have persisted for three consecutive days after a <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-etfs-post-a-record-outflow\">record $465 million outflow<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Forecasts<\/h2>\n<p>Analyst and MN Trading founder Micha\u00ebl van de Poppe expects Ether to test the $4000 psychological level in the coming days.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> is back to $3,900 and is likely going to attack that $4K resistance in the coming days. <\/p>\n<p>The markets are strong, volume is picking up, more volatility is coming in and the joy will be back.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1953696967948738934?ref_src=twsrc%5Etfw\">August 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMarkets are showing strength, volumes are rising, more volatility is coming, and sentiment [among investors] will improve,\u201d the expert added.<\/p>\n<\/blockquote>\n<p>Van de Poppe said he is \u201csitting\u201d in altcoins, expecting gains of 200\u2013500% in the next 2\u20134 months.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I remain all-in into <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> as I think that there&#8217;s 200-500% to be made in the next 2-4 months.<\/p>\n<p>A lot of <a href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> haven&#8217;t really gotten back to their levels from early &#8217;25. <\/p>\n<p>Of course, some aren&#8217;t going to be showing momentum, but the recent move of <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> is the first step\u2026<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1953524039944671328?ref_src=twsrc%5Etfw\">August 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He considers the segment somewhat undervalued \u2014 many bitcoin alternatives \u201chave not yet returned to early-2025 levels\u201d. In his view, Ether\u2019s firm uptrend signals rising appetite for risk.<\/p>\n<p>An analyst going by Ash Crypto flagged a bullish signal \u2014 a breakout above the upper boundary of a falling wedge.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> is breaking out of a bullish falling<br \/>wedge which shows bull trend continues<\/p>\n<p>We all want pump like this but Aug-sept<br \/>are generally bearish months for crypto, <br \/>so i would be cautiously bullish. <\/p>\n<p>Resistance: $4,100<br \/>Support: $3,550 <a href=\"https:\/\/t.co\/UlEzromx2P\">pic.twitter.com\/UlEzromx2P<\/a><\/p>\n<p>\u2014 Ash Crypto (@Ashcryptoreal) <a href=\"https:\/\/twitter.com\/Ashcryptoreal\/status\/1953442752626077963?ref_src=twsrc%5Etfw\">August 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, he noted that August and September are historically bearish months for the crypto market overall. Ash Crypto highlighted resistance and support for Ether at $4100 and $3550, respectively.<\/p>\n<p>Cas Abbe spotted a bull flag on Ether\u2019s daily chart. In his view, confirmation of the pattern would \u201ccatapult\u201d the price to a new ATH.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> bull flag formation \ud83d\udc40 <\/p>\n<p>Just a breakout above $3,800 and ETH will hit a new yearly high.<\/p>\n<p>Supply on exchanges has been shrinking.<\/p>\n<p>Institutional accumulation has been rising.<\/p>\n<p>And more ETH are getting burned and staked.<\/p>\n<p>I think this is the perfect time for ETH to rekt the\u2026 <a href=\"https:\/\/t.co\/5y8gXumhRA\">pic.twitter.com\/5y8gXumhRA<\/a><\/p>\n<p>\u2014 Cas Abb\u00e9 (@cas_abbe) <a href=\"https:\/\/twitter.com\/cas_abbe\/status\/1953389030000779499?ref_src=twsrc%5Etfw\">August 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Among other drivers, Cas Abbe also pointed to shrinking exchange supply, institutional accumulation, coin burns and staking.<\/p>\n<p>An investor known as Titan of Crypto set a flag target at $5000. That is just 2.5% above the ATH of $4878 recorded on 10 November 2021, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> Is Breaking Out \ud83d\udca5\ud83d\ude80<\/p>\n<p>\ud83e\uddf2 $5000 \ud83c\udfaf <a href=\"https:\/\/t.co\/WmxgXf5dzc\">pic.twitter.com\/WmxgXf5dzc<\/a><\/p>\n<p>\u2014 Titan of Crypto (@Washigorira) <a href=\"https:\/\/twitter.com\/Washigorira\/status\/1953448709036945824?ref_src=twsrc%5Etfw\">August 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>An analyst known as Wolf did not rule out <a href=\"https:\/\/u1f987.com\/en\/news\/tom-lee-forecasts-ethereum-at-15000\">the realisation of a forecast<\/a> by Fundstrat co-founder Tom Lee.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tom Lee\u2019s (<a href=\"https:\/\/twitter.com\/fundstrat?ref_src=twsrc%5Etfw\">@fundstrat<\/a>) calling for $16K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a>, right in line with my forecast.<\/p>\n<p>Don\u2019t act surprised. <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> is still tracking the <a href=\"https:\/\/twitter.com\/search?q=%24TSLA&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$TSLA<\/a> playbook:<br \/>Volatility, disbelief, then verticality.<\/p>\n<p>You\u2019ve seen this movie before. <br \/>You just didn\u2019t think <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> would get the lead role. <a href=\"https:\/\/t.co\/DBebyXWDTD\">pic.twitter.com\/DBebyXWDTD<\/a><\/p>\n<p>\u2014 Wolf \ud83d\udc3a (@IamCryptoWolf) <a href=\"https:\/\/twitter.com\/IamCryptoWolf\/status\/1953391662073364567?ref_src=twsrc%5Etfw\">August 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cVolatility, disbelief, then verticality,\u201d he wrote in the context of Ethereum\u2019s potential move to $16,000.<\/p>\n<\/blockquote>\n<p>In recent weeks, <a href=\"https:\/\/u1f987.com\/en\/news\/institutional-investors-increase-ethereum-purchases-for-staking-and-risk-hedging\">institutions have been buying Ethereum<\/a> far more actively than retail investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second-largest cryptocurrency has risen 5.8% in the past 24 hours. At one point it touched $3969, setting a local high.<\/p>\n","protected":false},"author":1,"featured_media":25928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,569,46,1253],"class_list":["post-25929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-etf","tag-ethereum","tag-technical-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25929"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25928"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}