Ether is approaching historical highs by a few inches, as several optimistic indicators coincided, supporting price growth in the coming days.
Key takeaways:
The price $ETH soared 10% today, approaching its historical maximum of $4867.
Over $2.3 billion has flowed into spot Ethereum ETFs in six days.
Traders say ETH could rise to $13,000 once it enters the pricing zone.
Today, Ether exceeded $4600, increasing by 8% in the last 24 hours, as numerous bullish signals indicated the inevitability of new historical highs.
The price of ETH is preparing to break its historical maximum
According to TradingView, on Wednesday the ETH/USD pair reached an intraday high of $4715, slightly below the historical maximum of $4867, reached in November 2021 (on Coinbase).
"Bets on #Ethereum continue to rise, and the asset is moving towards its highs," the blockchain data provider Glassnode reported in its Tuesday message on X.
Glassnode explained that ETH "has served as an indicator of broader altcoin dynamics," and its recent growth is now fueling speculation about further growth.
These figures are supported by a recovery in demand from investors in the form of capital inflows into Ethereum-based exchange-traded funds (ETFs). These investment products have shown a six-day inflow of $2.3 billion, with a record net inflow of $1 billion recorded on Monday.
"Another half a billion investment in spot ETH ETF, the fifth best day since launch," said NovaDius president Nate Geraci in an interview on X.
He added that this is a significant shift, as since early July, "spot ETH ETFs have attracted nearly $1.5 billion more than spot BTC ETFs."
Moreover, treasury companies are increasingly accumulating ETH, with assets exceeding $16.5 billion.
BitMine Immersion Technologies leads with 1.2 million ETH ($5.33 billion), followed by SharpLink Gaming with 598,800 ETH after a 177% increase in the last month. Ether Machine holds 345,400 ETH.
Since over 30% of ETH is staked, i.e., cannot be sold immediately, this signals strong potential for Ethereum price growth.
Ethereum transactions are nearing record highs
On Tuesday, the daily transaction count #ETH reached nearly a record high — over 1.87 million, while around 50 million transactions were recorded in July 2025 — the highest figure in the past year.
Combined with the almost record-high total locked value (TVL) in DeFi, currently at $95 billion and holding 61% market share, this surge in network activity indicates high demand and utility.
How high can the price of ETH rise?
According to analysts, the next serious obstacle for ETH will be approaching the historical maximum of around $4700.
This level represents a standard deviation +1 from the active realized price of Ethereum, "often marking the moment when selling pressure begins to build," according to the latest Glassnode Week Onchain Report. Additionally, it was added:
"The price at $4,700 serves as a key resistance level to watch. A decisive breakout above this level could signal the start of a more speculative phase."
A breakout above $4750 with sustained transaction momentum could trigger a pricing phase
Regarding pricing, a number of analysts have stated that Ethereum could rise to levels exceeding $10,000 based on various technical patterns.
$ETH trades above a bullish megaphone with target growth figures from $7,000 to $13,000.