Ethereum Targets New ATH as Technical Breakout

The Ethereum token recently has pumped hard as the market shows a significant bullish trend. The ETH token price action continuously suggests potential increase waves on the chart. What will be the next ATH for ETH? Let’s figure it out in the below parts of the article.

The ETH Technical Chart Shows Strong Bullish

The ETH token chart shows that the ETH line has broken the key level around $4000, which may allow it to continue rising towards the resistance at $4632.3. The area around this level is a significant range to watch, as it represents the old peak and is therefore the next important key level for the ETH token. If there is a confirmed monthly candle “close” above this zone, ETH could then advance to the higher resistance levels of $5479, $5802, and $6596.5.

On the other hand, if ETH fails to break the $4632.3 area, it could fall back to retest the support at $3998.22 and potentially trade sideways within the $3998.22-$4632.3 range. Furthermore, if the price breaks below the $3998.22 area, it could trigger a dump down to lower supports at $3,384.27-$2,815.3.

Ultimately, the $2815.3 area is the most critical key level for this entire upward wave. If this support is broken, the current uptrend will be considered to have failed, and the price could dump much lower to the support levels of $2068-$1835.80.

For more: Will ETH Reach A New ATH of $6000 In 2025?

ETH On-Chain Data Reveals Whales Accumulation

The on-chain data reveals that large, sophisticated investors are accumulating ETH at an aggressive pace. Major market participants, in which we see whales’ activities as well, have recently purchased or moved nearly $1.23 billion in ETH into long-term holding wallets.

A mysterious institution has accumulated 221,166 ETH worth ~$946.6 million over the past week. Tracked from the funds, some of the big names have shown, such as prime brokers FalconX and Galaxy Digital. Their assets are now held in custody with BitGo and have not seen any sales, indicating a strong long-term conviction.

For more: Ethereum Inflows Surge: What The Data Tell Us

Since late June, another significant investor has withdrawn 65,000 ETH valued at approximately $281 million from the Binance exchange. As we predict that the withdrawing of coins from exchange activity is often considered a bullish signal, as it suggests an intent to hold rather than sell. This entity is already sitting on over $111M in unrealized profit.

Another big name that always shows great exposure with the ETH token is TRON founder Justin Sun. He has also been active, moving large amounts of ETH through the lending protocol – Aave. As Justin Sun always shows bullish action with ETH and an upward trajectory of the market, his activity is interpreted as strategic re-collateralization to manage his positions to gain a better PnL.

Will ETH reach a new ATH?

Currently, reputable analysts and investment firms in the market believe that ETH has the momentum to surge to a price of $6,000 or higher. The belief is built on the solid fundamental thesis that Spot ETH ETFs have been generating continuous positive net inflows for the last 13 consecutive weeks, with the total accumulated value of ETH ETFs recorded at around $138 billion.

For more: The Impact of Ethereum ETFs on ETH Price

The role of Spot ETH ETFs is not only to serve as a safe financial investment solution for retail investors but also to allow large financial institutions, such as pension funds and mutual funds, to invest in ETH easily through traditional stock exchanges. The proven case is formed based on the successful precedent set by Bitcoin ETFs. Just a few months after their approval, Bitcoin ETFs attracted about $40 billion in assets, and BTC also experienced strong growth and an increase in market cap. Analysts are expecting a similar scenario to repeat with Ethereum.

Several experts have provided specific figures. Generally, the price point that most experts predict is the $6,000 mark, with a deviation fluctuating around $6,500. 

MN Trading CEO, Michael Van de Poppe, predicts that ETH could increase by 60% to reach at least $6,000 in the coming months. In his view, if the ETH/BTC ratio increases to 0.08 and the price of Bitcoin remains stable, a price range of $5,500 to $6,500 for ETH is entirely possible. Similarly, based on the assumption that capital inflows into Ethereum ETFs will have a similar growth rate as Bitcoin ETFs, the investment firm QPC Capital in Singapore also forecasts the $6,000 mark.

Extremely bullish period for the markets, where $ETH is close to a new ATH.

However, it’s stalling above this important high.

If Bitcoin makes a correction, then I’ll assume we’ll see $ETH at areas around $3,700-3,800 as a prime first area to start accumulating again. pic.twitter.com/8Vod6CRhWZ

— Michaël van de Poppe (@CryptoMichNL) August 11, 2025

Furthermore, Head of Forex and Crypto Researcher at Standard Chartered bank has offered a more optimistic long-term forecast. He predicted that ETH could reach $8,000 by the end of this year and $14,000 by 2025. Meanwhile, the retail investor community often has a much more optimistic sentiment, believing that ETH could even reach the $10,000 level in the long term.

Should this momentum carry ETH to a new all-time high, it would reward recent buyers and significantly boost the holdings of long-term investors, including founder Vitalik Buterin, one of the largest individual holders of ETH.