Ethereum Surpasses Previous All-Time High, Reaches $4,900

Ethereum has surpassed its previous all-time high from 2021, reaching over $4,900 before correcting to approximately $4,655, marking an 8.2% increase in the past week. This rise follows three years of consolidation below that peak.

Key Highlights

  • Increased institutional interest is driving Ethereum's market strength.
  • Tom Lee’s Bitmine Immersion Technologies acquired $6 billion worth of ETH within two months.
  • Ethereum's market capitalization rose from $300 billion to $557 billion.
  • Institutional demand and recent ETF approvals are changing perceptions about Ethereum compared to Bitcoin.
  • A "short squeeze" on Binance has contributed to upward price momentum.
  • Analysts predict potential further gains but caution about possible market corrections in late 2025 to early 2026.

Ethereum short liquidations.

The combination of institutional interest, ETF inflows, and current trading dynamics will likely shape Ethereum’s trajectory moving forward.

Ethereum (ETH) price chart on TradingView