The price of Ethereum (ETH) surged 10%, nearing its all-time high, attracting the attention of traders and investors.
ETH Price Approaches Record
On the exchange, ETH/USD reached an intraday high of $4715, close to the historical peak of $4867 set in November 2021. Data from the analytical platform Cointelegraph shows that demand for Ethereum is supported by significant inflows into spot ETFs totaling $2.3 billion over the last six days. In a post on X, data provider Glassnode mentioned, 'Bids for Ethereum continue to strengthen as the asset moves toward ATHs.'
Ethereum Transactions at Record Levels
The daily transaction count for Ethereum reached nearly a record level of 1.87 million on August 12, indicating high demand and increased network activity. Data shows that approximately 50 million transactions were recorded in July 2025, the highest in over a year. This trend also corresponds with a rise in total value locked in DeFi, currently at $95 billion.
ETH Growth Outlook
Analysts view the $4700 level as a critical resistance that ETH needs to break to initiate a new speculative phase. Some experts predict that if successfully breached, ETH could reach targets between $7,000 and $13,000 based on current market setups and historical performance of the asset. Analyst CryptoOnchain also noted, 'A breakout above $4750 with sustained transaction momentum could ignite a price discovery phase.'
The Ethereum market shows positive trends with increasing transaction volumes and significant investor interest. Breaking key price levels may lead to new records and bolster ETH's position in the market.
