Ethereum Breaks Past $4,050 With Rising Strength Indicators, Buyers Aim for $4,350 Mark
Ethereum Poised for Substantial Gains Amid Institutional Adoption and Breakout Phase
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant 35% surge in daily volumes on August 8, reaching a record high of $47.1 billion at press time. This increase came alongside a series of positive developments for the digital asset.
The cryptocurrency also saw a daily close above $4,100, marking a potential technical breakout from its two-week consolidation range. However, a failure to maintain this level could result in Ethereum revisiting the $3,695 to $3,719 support zone.
On August 8, Ethereum traded between a low of $3,864 and a high of $4,065, according to CoinMarketCap. The cryptocurrency closed the session at $4,045, printing a clean bullish engulfing candle that pierced above the Bollinger Band's upper band at $4,000.
Minimal resistance exists between $4,100 and $4,350 for Ethereum, indicating a potential for further upward movement.
The optimistic outlook for Ethereum is further bolstered by recent developments. Sharplink Gaming, a strategic treasury investor, announced a $200 million direct offering backed by global institutional investors on August 7. Proceeds from the offering will be used to expand Sharplink Gaming's Ethereum treasury to over $2 billion.
The announcement has sparked strong optimism among experts, with many predicting Ethereum to exceed $5,000 in the short term and potentially reach between $10,000 and $15,000 by the end of 2025.
Short-term forecasts (August-September 2025) largely expect Ethereum to break key resistance levels around $4,800, with projections ranging from $5,000 to over $5,400.
For the end of 2025, analysts are markedly bullish. Standard Chartered anticipates Ethereum reaching $7,500, driven by institutional inflows and regulatory support such as the GENIUS Act promoting stablecoin adoption on Ethereum. Fundstrat’s Tom Lee envisions a scenario where ETH rises to $10,000 to $15,000 by year-end, citing growing corporate and ETF accumulation, the potential for Federal Reserve interest rate cuts, and Ethereum’s dominant role in blockchain projects and stablecoins as key catalysts.
The broader market context includes increasing institutional interest, the rise of tokenized real-world assets on Ethereum’s network (over 60% dominance), and legislative frameworks that favor blockchain infrastructure growth. These factors, coupled with Sharplink Gaming's significant $200 million direct offering (although specific mentions of this event’s direct impact on price are not detailed in the sources), contribute to the optimistic price outlook.
Meanwhile, Best Wallet, a project positioning itself as a DeFi-native wallet for new market entrants looking to benefit from Ethereum's anticipated breakout phase amid rising institutional inflows, is gaining traction. The presale of Best Wallet Token has raised over $14 million, offering investors priority access to future project listings, reduced transaction fees, and staking rewards with high APY.
The renewed directional momentum of Ethereum is indicated by the expanding Bollinger Bands. ETH reclaimed the midline support at the 20-day average earlier this week at $3,719. The lower Bollinger band currently provides immediate support to Ethereum at $3,600 and $3,500. The RSI of Ethereum is at 68.99, indicating a slightly overbought condition.
The rising institutional adoption of Ethereum, especially among US-based corporate investors, may continue to fuel upside bets, further driving the price of Ethereum in the coming months. At the time of writing, Ethereum is trading between $4,009 and $4,350.
[1] CoinDCX Predicts Ethereum Prices Could Rally up to $6,000 if $4,800 Resistance is Surpassed
[2] Polymarket Traders Place 64% Chance that ETH will Hit $5,000 by the End of August 2025
[3] Standard Chartered Forecasts Ethereum to Reach $7,500 by Year-end
[4] Fundstrat’s Tom Lee Predicts Ethereum Could Rise to $15,000 by Year-end
- Given the recent surge in Ethereum's daily volumes and the potential technical breakout, investors might consider taking part in the token presale of projects like Best Wallet, a DeFi-native wallet, as they position themselves for benefits in the anticipated breakout phase.
- With the institutionally backed $200 million direct offering from Sharplink Gaming expanding their Ethereum treasury to over $2 billion, and analysts predicting Ethereum to exceed $5,000 in the short term, the finance sector is witnessing significant interest in investing in the technology behind Ethereum, further fueling the upward price trend.
