Even today there is great news for Ethereum.
To tell the truth, from a technical-informatic point of view, there are no significant novelties, but it is on the price side that good news has been coming for days.
In particular, it is trying, for the first time in four years, to approach the historical highs.
The trend of Ethereum’s price
Today, for a very brief moment, the price of Ethereum rose above $4,700. It hadn’t managed to do so since November 2021.
The all-time high was recorded in November 2021, at almost $4,900, so at this moment the price of ETH is only 4% lower.
Even though it has fallen below $4,700, it has remained very close to that psychological threshold, so much so that it might manage to climb back above it during the day.
Note that at the end of June it was still below $2,600, therefore it is actually trying to double its value in less than two months.
In July, it had already risen significantly, but without being able to solidly surpass $3,900.
During the first week of August, it managed to climb back above $4,000, and at that point, it started a rally that is still ongoing.
The forecasts
At this moment, it is not easy at all to predict if it will manage to record new all-time highs, and if so, in how much time, even though the rally that started last week still seems to be absolutely underway for now.
It should be noted, however, that for months several analysts have been claiming that Ethereum has the potential to reach new all-time highs by the end of the year, especially due to its recent and strong recovery.
In fact, if thanks to the Trump-trade at the end of 2024 it had managed to climb back above $4,000, starting from February 2025 a strong correction began that brought it down to about $1,500.
That drop was excessive, and in fact starting from May it first returned above $2,400, and then in July it continued rising even beyond $4,000.
In hindsight, it can be said that the decline in the early months of the year was absolutely exaggerated, even though there was a reason. The problem was the almost total transfer of the memecoin market to Solana, after it fueled a huge speculative bubble on the price of ETH in 2021, bringing it to almost $4,900.
The fact is that now the memecoin market, although significantly reduced compared to the end of 2024, has essentially remained on Solana, but Ethereum has still managed to reemerge, thanks to the many other initiatives running on its blockchain.
The role of Bitcoin
It is also very interesting to analyze the trend over time of the price of Ethereum in Bitcoin (ETHBTC).
In 2021, peaks of 0.085 BTC per ETH were reached, but with the bear-market of 2022, a long phase of decline began, particularly after Ethereum’s transition from Proof-of-Work to Proof-of-Stake in September of that year.
This decline practically concluded only in April of this year, even at 0.018 BTC per ETH.
This means that in just under three years, the price of Ethereum in Bitcoin has lost 78% from the highs.
In reality, even in August 2023, it was still well above 0.060 BTC. Therefore, the real collapse began with the rise of Bitcoin at the end of 2023, and it intensified both with the rise of 2024 and with the correction in the early months of 2025.
Now, however, it has just risen to 0.039 BTC, which is still a level lower than that of a year ago.
Therefore, it is possible that until April, Bitcoin may have somehow contributed to Ethereum’s struggles in the crypto market, and that starting from May, the rise of Bitcoin may have somehow also helped the rise of Ethereum.
It should not be forgotten that the highest price ever recorded for 1 BTC was noted just under a month ago. That is when the price of Ethereum in Bitcoin had risen to 0.032 BTC.
The forecast of Standard Chartered
Standard Chartered has now accustomed us to the publication of crypto price forecasts, often bullish.
Well, the company has recently raised its forecasts for the price of ETH for 2025 to $7,500. While in the past months, it had limited itself to predicting the achievement of $4,000.
At the core of this revision of its forecasts is the consideration that there is currently a surge in institutional purchases of ETH, and the acceleration of stablecoin adoption following the approval of new regulations in the United States.
According to Standard Chartered, many things have changed since their last forecast update in March.
But the news might not be over yet, and it is precisely on this assumption that they have updated their very bull forecasts.
In particular, on one side there are the technical attempts to increase the capacity of the Ethereum blockchain to validate an ever-growing number of transactions. On the other hand, there is the ever-increasing adoption of stablecoins, of which the two main ones are active mainly on Ethereum.
