Ether tests $4,000

The second-largest cryptocurrency has risen 5.8% in the past 24 hours. At one point it touched $3969, setting a local high.

8 August 2025 | 17:07Update:

Ether reached $4012. The asset last traded at such heights in late December last year.

The asset’s market value is 19.9% below its ATH, according to CoinGecko.

Other popular cryptoassets also rallied over the day: XRP and Dogecoin rose 10.9% and 7.3%, respectively.

Total market capitalisation stands at $3.03 trillion, up 3% in the past 24 hours.

Improving fundamentals

Ether’s price is rising alongside a revival in on-chain activity. The chart below shows daily transaction volume (7 MA) hitting all-time highs:

On a monthly basis, July was a record for Ethereum. 

The number of new addresses is approaching the all-time high reached in May 2021.

In staking, validator numbers and the amount of ETH locked continue to rise — now at 1.1 million and 36.1 million, respectively:

ETF factor

Net inflows into spot Ethereum ETFs over the past day totalled $222.34 million.

Positive flows have persisted for three consecutive days after a record $465 million outflow.

Forecasts

Analyst and MN Trading founder Michaël van de Poppe expects Ether to test the $4000 psychological level in the coming days.

$ETH is back to $3,900 and is likely going to attack that $4K resistance in the coming days.

The markets are strong, volume is picking up, more volatility is coming in and the joy will be back.

— Michaël van de Poppe (@CryptoMichNL) August 8, 2025

“Markets are showing strength, volumes are rising, more volatility is coming, and sentiment [among investors] will improve,” the expert added.

Van de Poppe said he is “sitting” in altcoins, expecting gains of 200–500% in the next 2–4 months.

I remain all-in into #Altcoins as I think that there’s 200-500% to be made in the next 2-4 months.

A lot of #Altcoins haven’t really gotten back to their levels from early ’25.

Of course, some aren’t going to be showing momentum, but the recent move of $ETH is the first step…

— Michaël van de Poppe (@CryptoMichNL) August 7, 2025

He considers the segment somewhat undervalued — many bitcoin alternatives “have not yet returned to early-2025 levels”. In his view, Ether’s firm uptrend signals rising appetite for risk.

An analyst going by Ash Crypto flagged a bullish signal — a breakout above the upper boundary of a falling wedge.

$ETH is breaking out of a bullish falling
wedge which shows bull trend continues

We all want pump like this but Aug-sept
are generally bearish months for crypto,
so i would be cautiously bullish.

Resistance: $4,100
Support: $3,550 pic.twitter.com/UlEzromx2P

— Ash Crypto (@Ashcryptoreal) August 7, 2025

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.

Cas Abbe spotted a bull flag on Ether’s daily chart. In his view, confirmation of the pattern would “catapult” the price to a new ATH.

$ETH bull flag formation 👀

Just a breakout above $3,800 and ETH will hit a new yearly high.

Supply on exchanges has been shrinking.

Institutional accumulation has been rising.

And more ETH are getting burned and staked.

I think this is the perfect time for ETH to rekt the… pic.twitter.com/5y8gXumhRA

— Cas Abbé (@cas_abbe) August 7, 2025

Among other drivers, Cas Abbe also pointed to shrinking exchange supply, institutional accumulation, coin burns and staking.

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 CoinGecko.

#Ethereum Is Breaking Out 💥🚀

🧲 $5000 🎯 pic.twitter.com/WmxgXf5dzc

— Titan of Crypto (@Washigorira) August 7, 2025

An analyst known as Wolf did not rule out the realisation of a forecast by Fundstrat co-founder Tom Lee.

Tom Lee’s (@fundstrat) calling for $16K $ETH, right in line with my forecast.

Don’t act surprised. $ETH is still tracking the $TSLA playbook:
Volatility, disbelief, then verticality.

You’ve seen this movie before.
You just didn’t think $ETH would get the lead role. pic.twitter.com/DBebyXWDTD

— Wolf 🐺 (@IamCryptoWolf) August 7, 2025

“Volatility, disbelief, then verticality,” he wrote in the context of Ethereum’s potential move to $16,000.

In recent weeks, institutions have been buying Ethereum far more actively than retail investors.