08.08.2025 20:14

Ethereum surged past the $4,000 mark for the first time in eight months on Friday, marking a significant milestone for the second-largest cryptocurrency. This achievement, observed across several major exchanges, followed a substantial price increase of 4% within a 24-hour period. The price briefly touched $4,000 around 9 a.m. EST on Coinbase, a leading US exchange, highlighting the renewed interest in the asset.


This remarkable price jump significantly outperformed Bitcoin's modest gains, which saw only a slight percentage increase from the previous day's close. While XRP experienced more substantial gains, reaching 7.6%, other prominent altcoins like Solana showed more moderate increases. Although still 18% below its all-time high of $4,878 reached in 2021, Ethereum's performance reflects a strong 30-day rally exceeding 50%.


This impressive growth coincides with a substantial increase in Ethereum treasuries held by major corporations. Notably, BitMine Immersion, backed by Peter Thiel, and SharpLink Gaming have accumulated impressive ETH holdings, totaling $2.9 billion and $1.9 billion respectively, and are actively expanding their investments. This strategic accumulation mirrors MicroStrategy's successful Bitcoin acquisition strategy, which has amassed a portfolio exceeding $72 billion.


The surge in Ethereum's price is also attributed to increased activity on its network. A rise in staking activity reflects growing investor confidence in Ethereum's future potential, contributing to the overall bullish sentiment and driving the recent price increase. This confluence of factors – increased institutional investment, rising network activity, and broader market positivity – has propelled Ethereum's resurgence.