Ethereum in the fast lane: ETH price heading towards $5,000

INFBusiness
24.08.2025
News

Ether investors have been waiting for this for a long time: Ethereum reached a new all-time high of just under $4,900 during yesterday's trading. On a daily basis, the second-largest cryptocurrency is up almost 10 percent. The path to the $5,000 mark seems to be gradually paving the way.
The trigger for the significant price increase was a surprisingly dovish speech by Fed Chairman Jerome Powell in Jackson Hole, which boosted expectations of a US interest rate cut in September – and thus possibly laid the foundation for an altcoin season.
However, the conditions for an Ether rally have been favorable for weeks. Spot Ethereum ETFs have recorded billions in inflows in recent weeks. On August 11 alone, over one billion US dollars flowed into investment products from BlackRock and others – a new record. At times, ETH funds recorded inflows almost six times higher than Bitcoin ETFs.
In addition, Ethereum treasury investments by companies such as BitMine, Sharplink Gaming, and others have recently given the price a boost.
Last but not least, the upward trend is also reflected in increasing on-chain activity. Transactions on the Ethereum network increased by 60 percent in the last 30 days, according to data from Nansen. The number of active addresses increased by 24 percent during this period. By comparison, Solana recorded slight declines in both active addresses and transactions.
After Bitcoin set the pace in the crypto market in recent months, Ethereum could now increasingly move into the spotlight. BitMEX co-founder Arthur Hayes expects an explosive rise in the Ethereum price to between $10,000 and $20,000 before the end of this cycle. The crypto billionaire is banking on technical strength: “The chart says it's going higher – you can't fight that.”

Recommended Video Altcoin Season: Why Most Are Wrong