Cryptocurrencies XRP, BNB, and BTC Have Made Their Mark: Is It Now Ethereum's Moment to Outshine?
Ethereum (ETH) has experienced a significant surge in its price, reaching a new three-and-a-half-year high of $4,200. This growth has placed Ethereum among altcoins like BNB and XRP that have reached uncharted territory during this cycle.
The recent surge in Ethereum's price is driven by several key factors. Strong institutional demand, ETF inflows, positive regulatory developments, and technical breakout signals have contributed to Ethereum's potential to break its November 2021 all-time high.
One of the significant factors is Ethereum breaking a major resistance level near $4,100 that capped its price for 18 months, leading to a significant price rally holding above $4,300. This breakthrough was accompanied by aggressive institutional accumulation, with over $10 billion worth of ETH bought in under three years. Notable purchases were made by treasury firms and companies like BitMine and SharpLink, as well as a "mysterious institution" buying nearly $1 billion ETH in a single week.
The growth in spot Ethereum ETFs managing about $19 billion in assets has also played a crucial role. Filings for ETH staking ETFs that could generate additional yield are attracting more investor interest, further fuelling Ethereum's growth.
Positive regulatory environment, including pro-crypto legislation such as the GENIUS Act, is another factor that has increased institutional appetite. This legislation promotes stablecoin usage, boosting Ethereum's network fee demand.
Technical market factors such as short squeezes and strong chart strength, supported by broad optimistic analyst forecasts projecting Ethereum prices from $5,000 up to $15,000 by the end of 2025, also contribute to Ethereum's current growth.
Whales have also been active in buying ETH, contributing to its growth. Despite the correction, Ethereum managed to rebound past $2,000 and stayed there for a few weeks.
However, Ethereum's journey to surpass its previous all-time high has not been without challenges. The graph shows Ethereum's bulls stepping on the gas pedal and driving the asset north hard, but unable to break the $4,000 resistance in July 2025. The last attempt to break the $4,000 resistance occurred in early 2025, leading to a violent correction that resulted in a price dump to under $1,400.
Despite this setback, the big target for ETH's price remains the November 2021 all-time high. Companies have spent billions to acquire more ether, and investors using ETFs to gain ETH exposure have been accumulating massive shares in a short period. The current price of ETH is roughly 15% away from its November 2021 all-time high of almost $4,900.
Investors should keep a close eye on Ethereum's price movements as it continues to navigate its way towards its all-time high. The combination of fundamentals and technical breaks signals Ethereum’s strong potential to surpass its previous all-time high from November 2021.
- The surge in Ethereum's price is partly due to strong institutional demand, with treasury firms, companies like BitMine and SharpLink, and a "mysterious institution" buying over $10 billion worth of ETH in the past three years.
- The growth of spot Ethereum ETFs managing about $19 billion in assets and the increased investor interest in ETH staking ETFs are also contributing factors to Ethereum's price increase.
- As Ethereum currently stands at a price roughly 15% away from its November 2021 all-time high of almost $4,900, investors should closely monitor its price movements, as the combination of positive fundamentals and technical breaks indicate Ethereum's strong potential to surpass its previous all-time high.
