The recent surge in Ethereum's price is capturing the attention of traders and analysts as the cryptocurrency reached a significant $4,624.55.
Surpassing the $4,600 Mark
Ethereum reached a high of $4,624.55 on August 13, 2025, gaining 7% in 24 hours and 27% over the past week. This marks the second time in history that Ethereum has crossed the $4,600 threshold.
Reduced Liquidation Levels
Data from Coinglass shows that Ethereum has cleared many liquidation levels above $4,600, reducing immediate overhead resistance. Liquidity remains concentrated in the $4,400–$4,450 range.
Impact of ETFs and Exchange Outflows
The 30-day Simple Moving Average for Ethereum shows negative net flows, attributed in part to ETF purchases. Analysts note that sustained negative net flows often accompany upward price movements.
Current momentum and reduced sell-side liquidity reinforce a bullish sentiment among traders. Upcoming trading sessions are expected to clarify Ethereum's direction.
