Ethereum Price Inches Towards Record High as Bitcoin Crosses $120K – Investors Eye New Crypto Picks
The long-feared August slump appears to be behind us. Instead of the usual summer dip, the crypto market is witnessing a month of resilience and excitement.
Bitcoin has surged past the $120,000 mark multiple times, while the Ethereum price is now edging closer to its all-time high.
This rally comes alongside a surge in US equity futures. A steady Consumer Price Index (CPI) report has helped top stocks inch upwards — Coinbase up 2%, Circle adding more than 1%, and Galaxy Digital climbing 3%.
With no sign of the “cool-off” many investors had braced for, the hunt for the best crypto to buy now has become urgent.
Bitcoin Breaks $120K, But Momentum Stalls
Institutional interest, bolstered by ETF optimism and favourable regulatory moves, continues to propel Bitcoin’s narrative. The result? Several brief breakouts above $120,000, most recently following the CPI data release.
Yet, without a decisive push, BTC remains in a consolidation phase. Despite optimism from some analysts, the flagship crypto has not yet tested fresh highs.
On the institutional front, MetaPlanet announced the purchase of another 518 Bitcoin — a move once market-shaking, now met with muted reactions.
Still, technical charts suggest Bitcoin could be coiling for a significant breakout, with speculation pointing towards a potential all-time high by October 2025.
Ethereum Price Shows Stronger Momentum
While Bitcoin holds its ground, the Ethereum price is making headlines of its own. Technical upgrades, ETF inflows, and renewed community enthusiasm have propelled ETH beyond $4,600, putting 97% of holders in profit.
Adding fuel to the rally, Bitmine declared its ambition to become the “MicroStrategy” for Ethereum, unveiling plans to acquire $20 billion worth of the asset.
Not everyone is convinced the rally will last. Analyst Ali Martinez pointed to the TD Sequential Indicator flashing a sell signal, targeting $4,100. That call has now been invalidated as prices continue to climb.
The question now is whether ETH can break its all-time high. With whale accumulation growing, ETF demand swelling, and the anticipated Fusaka upgrade on the horizon, sentiment is strongly bullish. If history repeats, a fresh peak could be within sight.
Five Cryptos Drawing Investor Attention
Alongside Bitcoin and Ethereum, smaller-cap projects are drawing speculative interest:
- Bitcoin Hyper – A meme-inspired Bitcoin variant combining L2 scaling, Solana VM integration, and NFT compatibility. Already close to $9m raised.
- Snorter – A Solana-based meme coin and Telegram trading bot with scam-protection features. Over $3m secured so far.
- Maxi Doge – The “gym bro” of meme coins, eyeing high-leverage trading appeal. Social buzz is growing fast.
- Best Wallet Token – Backing the feature-packed Best Wallet, now with Solana support and gamified rewards. $14m already raised.
- TOKEN6900 – A self-aware meme token, thriving on irreverence and 90s nostalgia, with $2m raised.
With Bitcoin teasing a breakout and the Ethereum price on the brink of history, traders are not just watching the big names. Niche projects with community-driven hype and post-listing potential are also in the spotlight.
The market may still be speculative, but for investors hunting sharp gains, August’s rally has opened the door to opportunities that looked distant just weeks ago.
