Ethereum Price Smashes Four-Year Barrier – Eyes Now on All-Time High
Ethereum has stormed past a critical price level, setting traders and investors on high alert for what could be its most dramatic rally in years.
Last week, ETH closed at $4,200, its highest weekly close since December 2021, igniting speculation that a new all-time high could be just around the corner. The move comes after July delivered one of Ethereum’s most bullish performances on record, and momentum hasn’t slowed in August.
Analysts point to multiple tailwinds. ETF inflows have historically moved in lockstep with price performance, and with much of the recent surge taking place over the weekend, fresh capital is expected to pour into Ethereum-linked ETFs. Adding to the excitement is mounting speculation over a potential Ethereum staking ETF approval.
“With multiple bullish catalysts aligning, Ethereum may be just steps away from a new all-time high.”
The $4,000 mark has been a thorn in Ethereum’s side for most of its trading history. The last time it broke above this level was November 2021, when it briefly touched its record $4,869 before retreating.
This time feels different. Last week marked the first sustained break above that barrier in nearly four years, after four failed attempts. Technically, there’s now no major resistance until ETH revisits its all-time high.
Momentum signals are flashing green. The Relative Strength Index (RSI) has pushed past 70 — a zone often linked to accelerated gains — while the Moving Average Convergence/Divergence (MACD) has hit a fresh yearly peak.
Forecasts are bold. Many analysts now see Ethereum price reaching $7,330 by the end of 2025, with $5,470 tipped as the next major waypoint.
Not everyone is convinced it will be a smooth climb. Short-term indicators hint at a potential breather. Both RSI and MACD have shown bearish divergences, often a sign of slowing momentum.
Chart patterns suggest ETH may be nearing the top of the current rally wave before a possible pullback. Still, market sentiment remains overwhelmingly bullish.
While the price is hogging headlines, Ethereum’s network activity is quietly rewriting records of its own. Daily transactions have hit 1.5 million, surpassing the heights of May 2021’s NFT boom.
This surge isn’t being driven by digital collectibles this time. Instead, stablecoin transfers, decentralised finance operations, and high-volume swaps are fuelling the activity. July’s increase in Ethereum’s gas limit to 45 million, announced by Vitalik Buterin, has further boosted throughput.
Layer 2 scaling networks, particularly Base Chain, are enjoying explosive growth, while stablecoin supply has consistently hit new highs throughout 2025. Application revenue on Ethereum’s base chain is also on the brink of a major breakout.
The combination of price action and network health paints a picture of an asset firing on all cylinders.
Ethereum has done what many thought impossible, breaking free from the $4,000 ceiling after years of failed attempts. Now, the market’s gaze is fixed on the $4,869 all-time high and beyond.
With network fundamentals stronger than ever and institutional interest rising, Ethereum price could well write its next historic chapter before the year is out.
