Ethereum (ETH), the second-largest cryptocurrency by market capitalization, received $4,326 on Saturday, reaching its highest in a four-day rally fueled its greatest quick quick liquidation since December 2021.
Ethereum noticed a breakout that exceeded $4,000 for the primary time since Friday December 2024.
The second largest cryptocurrency traded at $4,190 at press, marking a revenue of 20% per week. From the low of $1,383 from the low on April ninth to the excessive of $4,326 on Saturday, ETH costs will rise almost 213%, flowing into traders' spot trade gross sales funds, growing demand from corporations accumulating ETH on their stability sheets.
Over $6.7 billion has been poured into 9 ether spot ETFs listed within the US so far. On the identical time, Ethereum-centric treasury corporations scooped up greater than $12 billion in ETH.
Ethereum's momentum coincides with the broader rotation inside digital belongings as founding traders and builders look past Bitcoin amid growing adoption of stubcoin, tokenized real-world belongings, and sensible contract platform adoption.
Peter Brandt was shocked by Eth Rally
Veteran dealer Peter Brandt, who was typically an Ethereum critic, responded to the motion of ETH costs.
That is one in every of my favourite charts proper now pic.twitter.com/nuunroea8u
-Peter Brandt (@peterlbrandt) August 9, 2025
Blunt beforehand confessed that he doesn't like to not say good issues about Ethereum usually.
In a current tweet, Brandt wrote, “That is one in every of my favourite charts,” accompanied by the Ethusd Weekly Chart. This can be a assertion that means that commodity merchants could also be easing his stance on ETH.
Ethereum's newest income will not be a giant shock to legendary merchants. In Might, Brandt pointed to a big crowd zone on its month-to-month chart that might assist Moonshot.
