Ethereum is once again making headlines as it closes in on its all-time high of $4,867. The price has jumped 10% in a single day and is up 8% in the past 24 hours. Traders and analysts are now looking at the charts and predicting that the next stop could be between $7,000 and $13,000 in the coming months.
According to MarketWatch, this rally is being fueled by a “catch-up trade” effect. Bitcoin has already set fresh highs earlier this year, and now Ethereum is following suit. The difference this time is the scale of money flowing into the market. Spot ETH ETFs have posted a six-day streak of inflows, bringing in $2.3 billion, including a record $1 billion on Monday alone.
Significant Money Flows and Growing Demand
Since early July, ETH ETFs have pulled in $1.5 billion more than BTC ETFs, a sign that investor focus is shifting. Corporate treasuries now hold $16.5 billion worth of Ethereum. BitMine Immersion leads the list with 1.2 million ETH, valued at about $5.33 billion.
“The combination of ETF inflows, strong staking, and network growth is creating a perfect storm,” said a crypto strategist quoted by Reuters, after Standard Chartered lifted its year-end forecast to $7,500. “If momentum continues, $13,000 is not out of the question.”
Network Activity at Record Levels
The Ethereum network is running near full speed. Daily transactions have hit 1.87 million, close to a record. In July alone, there were 50 million transactions, the highest in a year. DeFi total value locked (TVL) has climbed to $95 billion, giving Ethereum a 61% market share in the decentralised finance space.
Over 30% of Ethereum’s supply is staked, meaning it is locked up and not available for sale. This reduces liquidity in the market, which can push prices higher when demand rises. “A supply squeeze combined with high demand is exactly the kind of setup that can break resistance levels fast,” noted a trader on X.
Key Levels and What’s Next
The main level to watch now is $4,700, seen as the key resistance zone. A clean breakout above this could trigger what analysts call the “price discovery phase”, where the market moves into uncharted territory.
Technical models are targeting $7K to $13K, with some bullish cases pointing as high as $20K. Cointelegraph reports that many traders see Ethereum’s performance as a bellwether for the altcoin market.
“The conditions are lining up for a historic rally,” said a market analyst from TradingView. “The only real question is whether we see $7K this fall or go straight for $13K.”
For now, all eyes are on Ethereum’s next move. If the buying pressure continues and the network stays this active, a new Ethereum all-time high may be only days or weeks away.
Conclusion
Record ETH ETF inflows, a strong staking rate, and peak network activity fuel Ethereum’s rally. With resistance at $4,700 in sight, traders are betting on a breakout that could take prices to $7K or even $13K. Whether it happens this fall or later, analysts agree that Ethereum’s current momentum is one of the strongest signals in the crypto market this year.
