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Ethereum surged to near $4600, driven by institutional investment and ETF inflows. ETH outperformed Bitcoin with a 25% gain in August.
Crypto news: ETH jumps 25% in August, outperforming Bitcoin.
Ethereum Price: Ethereum, the second most popular cryptocurrency after Bitcoin, reached a near record high at $4600, driven by institutional investment, ETF inflows, positive sentiment, and increased on-chain activity.
Ethereum price jumped 9 per cent in the past 24 hours as per CoinMarketCap, with market cap rising to $560.56 billion.
In the recent market surge, Ethereum has significantly outperformed Bitcoin. ETH posted impressive gains of 25% in August alone, compared to Bitcoin’s modest 3% rise, argued Piyush Walke – Derivatives Research Analyst, Delta Exchange.
Ethereum jumped approximately 9% since yesterday, breaking past the $4,600 level—just 200 points shy of its all-time high from November 2021.
Walke added this rally is driven by strong bullish momentum fueled by institutional inflows, technical breakouts, and optimism surrounding Ether ETFs. On Monday, spot Ether ETFs recorded their highest-ever single-day net inflows, totaling $1.01 billion. This surge in capital coincides with Ethereum’s 90% gain over the past 40 days and a shift in key technical indicators to bullish territory.
With the jump of Ethereum price, its founder Vitalik Buterin has once again joined the ranks of crypto’s 10-figure holders, with his portfolio now valued at approximately $1.04 billion.
Since its inception, ETH has given an approximately 163392 per cent return to investors.
Institutions like Bitmine and SharpLink have notably increased their ETH holdings, in some cases by several hundred percent, signaling growing institutional confidence. These inflows are reinforcing bullish technical patterns and pushing prices through key resistance levels like $4,600.
Meanwhile, Bitcoin price retreated to $118,989 after jumping near its ATH. Bitcoin price is up 4.25 per cent in the past 7 days.
Vikas Gupta, Country Manager for Bybit India said, Ethereum’s recent surge is being driven by record-breaking institutional participation with the U.S. spot Ethereum ETFs, attracting over $1 billion in net inflows within one week, the largest inflows in a single week since inception. This surge shows early trends observed with Bitcoin ETFs post-approval, highlighting increasing appetite from wealth managers, hedge funds, and RIAs for ETH exposure. Leading asset managers like BlackRock, Fidelity, and Grayscale are observing institutional demand for ETH, reflecting Ethereum’s transformation from a retail-heavy asset to a mainstream institutional investment.
Edul Patel, CEO and Co-Founder of Mudrex argued that in the last 2 days alone, ETH ETFs saw about $1.5 billion in net inflows, further supporting the rally. Historically, when Ethereum rallies, it is followed by a rally in the broader market, leading to an altcoin season. If the uptrend continues, we could see capital rotation into promising assets across the market.
Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and others, it goes beyond Bitcoin’s primary function as digital money by offering programmable blockchain capabilities. Ethereum’s native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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