{"id":26034,"date":"2025-08-13T09:31:52","date_gmt":"2025-08-13T06:31:52","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-nears-its-all-time-high-after-testing-4700\/"},"modified":"2025-08-13T09:31:52","modified_gmt":"2025-08-13T06:31:52","slug":"ethereum-nears-its-all-time-high-after-testing-4700","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-nears-its-all-time-high-after-testing-4700\/","title":{"rendered":"Ethereum nears its all-time high after testing $4,700"},"content":{"rendered":"

The second-largest cryptocurrency by market capitalisation cleared $4,600. The asset has risen 8.3% over the past 24 hours, according to CoinGecko<\/a>.<\/p>\n

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\"ETHUSDT_2025-08-13_13-23-56_507f5\"
15-minute ETH\/USDT chart on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<\/div>\n

At press time Ethereum trades around $4,630.<\/p>\n

\"ETHUSDT_2025-08-13_09-23-31_92caf\"
30-minute ETH\/USDT chart on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

Ether needs to rise only 4.9% to reach its all-time high.<\/p>\n

\"ATH\"
On November 10, 2021, Ethereum hit an ATH of $4,878. Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The asset\u2019s market capitalisation has reached $557.8bn, which accounts for 13.6%<\/a> of the total crypto market cap of $4.13trn.<\/p>\n

On-chain activity spikes<\/h2>\n

CryptoQuant analysts noted<\/a> a surge in network activity \u2014 daily transactions on the Ethereum mainnet have reached an ATH near 1.875m.\u00a0<\/p>\n

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“Such a rapid rise in on-chain activity indicates increased user engagement and growing demand for blockchain space,” noted the expert under the nickname CryptoOnchain.<\/p>\n<\/blockquote>\n

\"tx_count\"
Daily transaction count in Ethereum\u2019s main network. Source: CryptoQuant.<\/figcaption><\/figure>\n

In his view, ether is testing a key resistance zone just below the all-time high.<\/p>\n

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“This is a confluence point: the price is approaching a major supply area while on-chain metrics are recording a peak in activity,” the researcher noted.<\/p>\n<\/blockquote>\n

\"resistance\"
Ethereum\u2019s price is testing resistance just below the ATH. Source: CryptoQuant.<\/figcaption><\/figure>\n

CryptoOnchain believes that a break above $4,750 while activity stays elevated could kick off a search for a new price marker. If sellers halt the “bullish onslaught”, a brief consolidation or a pullback to support at $3,950 is likely.<\/p>\n

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“The next trading sessions will show whether a breakout occurs or a pullback follows,” the expert stressed.<\/p>\n<\/blockquote>\n

Institutions and other whales<\/h2>\n

Net inflows into spot Ethereum ETFs over the past day totalled $523.92m. Positive dynamics have persisted for six straight trading sessions.<\/p>\n

\"ETH_ETF1\"
Inflows into spot Ethereum ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

As usual, the largest tranche went into BlackRock\u2019s ETHA \u2014 $318.67m. Significant sums also went to Fidelity\u2019s FETH and Grayscale\u2019s ETH \u2014 $144.93m and $44.25m, respectively.<\/p>\n

\"ETH-ETF3\"
Statistics for spot Ethereum ETFs. Source: SoSoValue<\/a>.\u00a0<\/figcaption><\/figure>\n

Cumulative net inflows since the products launched in July last year<\/a> have reached $11.36bn. Total assets under management across ETH ETF providers stand at $27.6bn \u2014 4.77% of ether\u2019s market capitalisation.<\/p>\n

Speaking to The Block<\/a>, NovaDius Wealth head Nate Geraci noted a \u201cnoticeable shift of interest\u201d away from previously dominant bitcoin ETFs. Over the past day, inflows into those funds amounted to $65.9m<\/a>, a relatively modest tally.<\/p>\n

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Feel like spot eth ETFs were severely underestimated simply b\/c tradfi investors didn\u2019t understand eth\u2026<\/p>\n

Btc had nice clean narrative, \u201cdigital gold\u201d.<\/p>\n

Eth takes more time for investors to understand.<\/p>\n

Now they\u2019re hearing \u201cbackbone of future financial markets\u201d & it\u2019s resonating.<\/p>\n

\u2014 Nate Geraci (@NateGeraci) August 12, 2025<\/a><\/p><\/blockquote>\n