On August 13, Ethereum's price shows an upward trend, approaching the historical high set in 2021. This growth occurs amid general optimism in the cryptocurrency market.
ETH Price Dynamics on August 13
At the time of writing, ETH is trading above $4,494, up over 9% in the last 24 hours. The total market cap of the crypto market has surpassed $4.11 trillion.
ETH Historical Highs
ETH's previous all-time high was recorded at over $4,821 on November 16, 2021. Since then, ETH's price has initiated a sustained rise from prices of approximately $1,567 starting April 12, 2025.
Institutional Inflows into ETH ETFs
Since August 5, ETH ETFs in the US have recorded six consecutive days of inflows, with the largest inflow day on August 12 at nearly $524 million. The largest inflow was from BlackRock's ETF, receiving over $318 million.
The surge in Ethereum's price, driven by increased institutional interest and a buoyant cryptocurrency market, lays the groundwork for a potential new all-time high.
