Ether inches closer to all-time highs as several bullish indicators align to support a rally into price discovery in the coming days.
Altcoin Watch
Key takeaways:
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ETH’s price jumped 10% today, inching toward its all-time high of $ 4,867.
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Over $2.3 billion flows into spot Ethereum ETFs over six days.
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Traders say ETH could rise as high as $13,000 once it enters price discovery.
Ether () surpassed $4,600 on Wednesday, up 8% over the last 24 hours as multiple bullish signals suggested that new all-time highs are inevitable.
ETH price set to break all-time highs
The ETH/USD pair reached an intraday high of $4,715 on Wednesday, just below the $4,867 all-time high reached in November 2021 (on Coinbase), data from and shows.
“Bids for Ethereum continue to strengthen with the asset marching toward ATHs,” onchain data provider Glassnode in a Tuesday post on X.
Glassnode explained that ETH has “served as a bellwether for broader altcoin performance” and its latest strength is now fueling speculation for further upside.
This performance is supported by a return of investor demand, in the form of capital inflows into (ETFs). These investment products have seen a six-day inflow streak totalling $2.3 billion, with Monday setting a .
“Another half a billion into spot ETH ETF, 5th best day since launch,” NovaDius president Nate Geraci on X.
He added that this was a notable shift as the “spot eth ETFs have taken in nearly $1.5 billion more than spot BTC ETFs” since the beginning of July.
Moreover, treasury companies are increasingly accumulating ETH with holdings .
BitMine Immersion Technologies ), followed by SharpLink Gaming with 598,800 ETH after a 177% increase over the last month. The Ether Machine holds 345,400 ETH.
With more than 30% of ETH staked, i.e., can’t be immediately sold, this signals strong upward potential for Ether price.
Ethereum’s transactions near record highs
Ethereum’s daily transaction count reached a near-record high of over 1.87 million on Tuesday, with July 2025 recording approximately 50 million transactions, the highest in over a year.
Coupled with a near-all-time (TVL) in DeFi, currently at $95 billion and with 61% of market share, this surge in network activity signals robust demand and utility.
How high can ETH price go?
The next major hurdle for ETH is close to the all-time high at around $4,700, according to analysts.
This level is the +1 standard deviation level of Ether’s active realized price, “often marking where selling pressure starts to build”, Glassnode in their latest Week Onchain Report, adding:
“The $4.7K price point stands out as a key resistance to monitor. A decisive break above could signal the onset of a more speculative phase.”
“A breakout above $4,750 with sustained transaction momentum could ignite a price discovery phase,” Cryptoquant analyst CryptoOnchain in a QuickTake analysis on Wednesday.
With respect to price discovery, several analysts said Ether could rise to areas beyond $10,000, based on various technical setups.
Analyst Jelle shared a chart showing ETH trading above a bullish megaphone with upside targets between $7,000 and $13,000.
One last hurdle to overcome.
Price discovery less than 5% away.
Let’s get this show on the road.
— Jelle (@CryptoJelleNL)
Crypto investor and YouTuber DivXMaN that while the $7,500 ETH price target remains in play, the price discovery journey would take it to $13,000 based on “previous bull runs and rate of diminishing returns.”
As Cointelegraph , Ether price predictions after breaking the critical $4,000 level now go as high as $20,000 for the current bull market.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
