Can Ethereum (ETH) surpass its All-Time High (ATH)? The answer: possibly yes, but there are significant conditions that need to be met.
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๐ Current ATH of Ethereum:
The ATH of Ethereum occurred in November 2021, at a price of around $4,878.
As of June 10, 2025, ETH is trading around $3,700โ$3,800, meaning it is still about 20โ25% below its ATH.
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๐ Factors Supporting ETH to Break ATH:
1. Ethereum Spot ETF
The ETH Spot ETF (similar to the previous Bitcoin ETF) has been approved by the SEC, but has not yet been officially launched.
The launch and listing of this ETF has the potential to attract large institutional investors, as seen with Bitcoin.
๐ If large volumes come in, ETH could rise drastically.
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2. Layer 2 Ecosystem & DeFi
Ethereum remains the main foundation of DeFi and NFTs.
Projects like Arbitrum, Optimism, Base, zkSync, etc. prove that ETH's scalability is getting stronger.
Increased activity = increased demand for ETH for gas fees = price rise.
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3. ETH Burn & Staking
With the burn mechanism from EIP-1559 and ETH staking, the supply of ETH is becoming tighter.
ETH has become semi-deflationary, which is good for long-term prices.
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4. Macroeconomics & Bitcoin
If Bitcoin truly breaks $110,000 or more (as predicted by many analysts), ETH typically follows with a lag.
ETH's dominance usually increases after BTC cools down post-ATH.
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๐ซ Risks That Could Hinder:
If US or global regulations become harsh again against altcoins or staking.
If the ETH ETF does not generate volume like the BTC ETF.
Potential global recession or liquidity crisis โ investors pull funds from risky markets.
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๐ก Conclusion:
ETH could break its ATH in the next 6โ12 months, especially if:
ETH spot ETF is successful (large volume comes in),
Bitcoin breaks its ATH,
The Ethereum ecosystem continues to grow.
However, investors still need to be wary of volatility and macro developments. If you are interested in the latest technical analysis of ETH or want a gradual entry strategy (DCA), just let me know.