On 22 August 2025, the altcoin king managed to breach its earlier all-time excessive (ATH) of $4,885, achieved in November 2021. The brand new ATH now stands at $4,866. Is it the perfect crypto to purchase now? Trade insiders actually assume so.
The market projection for ETH is quickly turning bullish. Normal Chartered has revised its year-end 2025 worth goal to $7,500, up from $4,000. Additional, it predicted that ETH will attain $25,000 by 2028.
ETH surged by greater than 15% on 22 August 2025 after Federal Reserve Chair Jerome Powell hinted at an upcoming price reduce, prompting traders to show up the ante.
As of this writing, ETH’s worth has decreased barely, buying and selling across the $4,770 degree.
In keeping with crypto analytics and buying and selling platforms like Hyblock, this rally in ETH is basically completely different from its earlier peaks. Hyblock maintains that on this case, the worth motion is being pushed by real demand slightly than early traders offloading provide and stalling momentum.
Now that the ETF influx is accelerating and the treasury is starting to undertake ETH, paired with the tailwinds from the GENIUS Act, the altcoin could be coming into a section of maximum bullishness.
THE WHALE PLAYBOOK
One Bitcoin OG retains shifting BTC into ETH.Newest shift: 4,000 $BTC ($460M).
Totals to this point:– 179,448 $ETH purchased ($806M)– Avg worth $4,490– Nonetheless lengthy with 135,265 ETH ($581M)
He’s not speculating, he’s constructing conviction.
The one query:What does… pic.twitter.com/HNNHM5IUqg
— Merlijn The Dealer (@MerlijnTrader) August 24, 2025
ETH ETFs on 21 August 2025, recorded $287.6 M in inflows after witnessing 4 straight days of outflow. Supported by the inflows, the overall ETF holdings have pushed previous $12.12 B because the feels a renewed institutional confidence.
In the meantime, company treasuries are accumulating quietly within the background. BitMine, SharpLink, BTCS and GaneSquare have collectively added round $1.6B in ETH over the past month, pushing complete company reserves to $29.75B.
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BTC Sustaining At $114k. Is It Nonetheless The Greatest Crypto To Purchase Now? Or Is An Altcoin Season Coming?
Whereas BTC noticed a bump as much as the $117k degree on 22 August 2025, it has since then slid again right down to the $114k zone and is sustaining. This draw back in efficiency has coincided with ETH’s rally, resulting in it breaching its ATH.
BTC is going through an outflow downside. BTC’s share of the crypto market capitalisation has fallen beneath 60% for the primary time in 4 months. As of this writing, its market dominance sits at 56.6%, in response to CoinGecko’s information.
At its peak this yr, BTC commanded 66% of the overall crypto market capitalisation.
(BTC Dominance Chart)
Waning BTC efficiency indicators a transparent shift in investor behaviour. They’re rotating capital into altcoins, notably into large-cap belongings like ETH, chasing a better yield potential.
BTC created a CME worth hole on 23 August 2025 after shedding roughly 1.87% because the session’s open. Such gaps have traditionally been stuffed fairly rapidly, which signifies that BTC might doubtlessly rebound in direction of $117k within the close to time period.
$BTC has shaped a $2000 CME Hole
I’ve obtained a cautious learn on this hole. Its dimension is notably bigger than prior ones, which suggests it might take longer to fill.
Watch out if you’re making an attempt to focus on this on the LTF. pic.twitter.com/Cmng2FdLEO
— Killa (@KillaXBT) August 23, 2025
The RSI is in a impartial territory however trending downward. In the meantime, the MACD exhibits a bearish divergence. Each technical indicators recommend a waning of momentum. Moreover, a drop in buying and selling quantity suggests a weakening of shopping for strain.
Curiously, latest worth motion exhibits hammer-like candles with lengthy wicks forming close to the $112k help zone, suggesting that consumers are defending this place.
If BTC holds above the 112k degree and manages to breach the $117k degree decisively, bullish momentum will carry it ahead, the place upside targets might emerge at $120.9k and $124.5k, aligning with the higher Fibonacci retracement zone.
#Bitcoin is holding $112K help after hammer candles signaled purchaser protection. A break above $117K might unlock targets at $120.9K–$124.4K, with $130K in play.
pic.twitter.com/zgjCHY14F4
— Arslan Ali (@forex_arslan) August 24, 2025
On the draw back, a break beneath $112k might see BTC take a look at $108.7k with a deeper help at $105.2k.
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