Ethereum (ETH), the 2d biggest cryptocurrency by market capitalization, hit $4,326 on Saturday, its top possible since December 2021, in a four-day rally fueled by broad short liquidations.
Ethereum seen a breakout above $4,000 for the first time since December 2024 on Friday, which arena the stage for the next switch.
The 2d-biggest cryptocurrency turned into once trading at $4,190 at press time, marking a 20% weekly assemble. Taken from its April 9 low of $1,383 to Saturday’s excessive of $4,326, the ETH designate is up with regards to 213%, boosted by surging investor flows into Ethereum attach replace-traded funds and increasing keep a query to from corporations gathering ETH on their balance sheets.
Extra than $6.7 billion has poured into the nine U.S.-listed Ether attach ETFs year so a long way. On the identical time, Ethereum-focused treasury corporations have scooped up more than $12 billion in ETH.
Ethereum’s momentum additionally coincides with a broader rotation within digital property, as institutional merchants and developers test out previous Bitcoin amid increased adoption of stablecoins, tokenized real-world property and good-contract platforms, all of which chase on the Ethereum blockchain.
Peter Brandt worried by ETH rally
Outmoded trader Peter Brandt, who has on the total been an Ethereum critic, has reacted to the ETH designate switch.
This is one of my favourite charts correct now pic.twitter.com/nuUNRoEa8U
— Peter Brandt (@PeterLBrandt) August 9, 2025
Brandt beforehand confessed that he on the total prefers no longer to issue the rest real about Ethereum, once calling it a “broken utility coin,” and this perspective has earned him a recognition as an “ETH hater” within the crypto team.
In a most stylish tweet, Brandt wrote, “This is one of my favourite charts correct now,” accompanied by the ETHUSD weekly chart, an announcement that implies that the commodity trader could well additionally be softening his stance on ETH.
Ethereum’s most stylish assemble could well additionally no longer attain as too mighty of a shock for the legendary trader: In Also can merely, Brandt identified a giant congestion zone on the monthly chart that could well additionally enhance a moonshot.
