Ethereum (ETH) has rallied 1.45% over the last 24 hours to $4,313.21, extending its 7-day and 30-day gains. The second-largest crypto has surpassed Mastercard with a nearly $520 billion market cap, driven by surging trading volumes. ETH has become the 22nd largest asset by market cap. It is currently trading at $4,312 at press time, per CoinMarketCap data . $ETH flipped Mastercard It's now the 22nd largest asset by MCAP! pic.twitter.com/KPZnnk5aFV — Christiaan (@ChristiaanDefi) August 10, 2025 Further, ETH is only 13% away from its all-time high of $4,878 in November 2021. Polymarket traders have predicted a staggering 96% probability that the price of Ethereum will reach $4,400, while 76% probability that it will surpass its previous ATH to hit $5,000 before the end of the year. ETH Price Would Rise Sharply in Coming Months: Analysts Traders, institutional investors, and analysts are convinced that the current price surge could be the start of a larger, sustained rally. According to technical analyst Lord Hawkins, Ethereum is breaking out of a textbook Wyckoff Accumulation pattern. This means that the recent price increase is a “Sign of Strength” (SOS) resistance zone, typically followed by a brief pullback to confirm the new uptrend. If this pattern continues, ETH might enter a markup phase, pushing prices toward $6,000. #ETH started a buy program. Could see $6k next pic.twitter.com/w8IUZrMDrw — Lord Hawkins (@lorde_skinwah) August 9, 2025 Per analyst Titan of Crypto, ETH is “ extremely bullish ,” pointing to its breakout from a multi-year symmetrical triangle pattern. The triangle size shows a potential target of $8,000, explained analyst Crypto Rover. According to Nilesh Verma, ETH shows a repeating pattern seen in 2017 and 2020. The crypto rallies sharply after retesting a major bottom support, he noted. “Minimum $10,000, bull case $16k- $20k in next 6-8 months,” Verma predicted . Source: X ETF Inflows, Whale Accumulation Pushes Prices Up Besides, Ethereum exchange-traded funds (ETFs) saw a total of $461.21 million of daily net inflows as of Friday, per Sosovalue data . This is higher than that of Bitcoin’s $403 million. Further, whales are aggressively accumulating ETH, signalling strong bullish sentiment. According to on-chain analyst LookOnChain, a prominent whale accumulated 49,533 ETH, valued at $212 million on Monday. “Over the past week, they have accumulated 221,166 ETH ($946.6 million) from FalconX, Galaxy Digital and BitGo,” it wrote on X . Additionally, BitMEX co-founder Arthur Hayes has bought 1,250 ETH for $5.29 million, alongside other altcoins, including Lido Dao (LDO), USDC and PENDLE. Arthur Hayes( @CryptoHayes ) bought 1,250 $ETH ($5.29M), 424,863 $LDO ($556.6K), 420K $ETHFI ($516.6K), and 92K $PENDLE ($507K) ~8 hours ago. https://t.co/1HymJRPhcj https://t.co/2jwxKhfl4D pic.twitter.com/lPoLgOl08f — Lookonchain (@lookonchain) August 10, 2025 Ethereum co-founder Vitalik Buterin currently holds 240,042 Ethereum, valued at around $1.01 billion, becoming an “onchain billionaire The post Ethereum Surpasses $4.3K, Flips Mastercard’s Market Cap – Further Breakout Likely? appeared first on Cryptonews .
