Why is Ethereum Price Going up Today: Key Reasons Behind the New ATH

Ethereum has once again surprised the crypto market by touching a fresh Ethereum All Time High of $4,957.67 on August 25, according to Binance market data. Even after a slight drop of 1.45%, it is still trading around $4,716.39 with a massive market cap of $569.18 billion and $52.39 billion in 24-hour trading volume, according to CoinMarketCap.

Source: CoinMarketCap

In just one week, it jumped more than 10%, rising from $4,325 to $4,953.73. This makes it one of the most impressive moves in recent news today .

Why is Ethereum Price Going Up Today?

The big question for many investors is Why is Ethereum price going up ? Several strong factors are behind this price surge :

• Whale activity : One whale sold over $1 billion in Bitcoin and rotated funds into ETH. That same whale later booked profits on a $250M long position.
  

• Exchange outflows: Ali Martinez reported that 200,000 ETH was withdrawn from exchanges in just 48 hours, showing investor confidence.
  

• ETF inflows : According to SoSoValue, ETFs have secured nearly $20 billion in investments. BlackRock’s iShares Trust now holds 3.54 million.
  

• Positive sentiment: Social media discussions around it have turned strongly bullish, reflecting a rise in retail and institutional interest.

At the same time, the broader crypto market saw huge liquidations. In the past 24 hours, 140,449 traders were liquidated, losing $662 million in total. The largest margin call on OKX reached $12.48 million, with $71.8M wiped out in just four hours.

Ethereum Price Prediction : Can ETH Reach $10K?

The chart still looks bullish. It is forming higher highs and higher lows, showing that momentum is on the buyers’ side.

Source: TradingView

Current support: $4,200–$4,300 zone is a strong defense area.

Resistance: $4,800–$5,000 breakout zone. A move above this could provide short-term momentum for the price to $5,500.

RSI: With a level at 62.8, ETH has not yet attained overbought levels. As such, there is still room to grow.

If ETH manages to hold above $4,200  and break past $5,000, the analysts expect the $6,000 price level to be next in line for it. The longer term sees $10,000 set as a possible price target for late 2025, primarily due to:

- Growing demand for ETFs

- Institutional inflows

- Continuous upgrades to the Network

That makes this recent ATH not just a milestone for Ethereum , but the launchpad for a much bigger rally.

Conclusion

The latest run to All Time High has once again put it in the spotlight. Strong whale moves, ETF inflows, and positive market sentiment are the main reasons why the price is going up. If ETH holds above $4,200 and breaks $5,000, the path toward $6,000 in the short term and $10,000 in the long term looks possible. Still, the market remains volatile, and traders should be cautious.

Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Do your own research before investing.