It is a name that symbolizes strong bullish momentum in the price of Ethereum, often driven by a mix of ETF inflows, increased institutional buying, demand on-chain, and technical breakout patterns. It is widely used on platforms like Binance Feed to highlight bullish Ethereum activity.
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Key factors behind the current rise
1. Huge inflows from spot ETFs
Inflows into spot Ethereum ETFs reached record levels - exceeding $1 billion in a single day - indicating strong institutional participation.
This was followed by more record numbers: another $523.9 million in inflows the next day.
2. Accumulation by corporations and treasury
Large Ethereum purchases from companies like BitMine Immersion, SharpLink Gaming, and The Ether Machine boost demand. BitMine alone now holds 1.2 million Ethereum, and the total holdings of companies in 71 firms increased by 127% in July.
3. Technical breakouts and strong on-chain trading
Ethereum is reclaiming key price areas (e.g., turning the $3,000 level into support) and forming bullish chart patterns.
On-chain trading activity is witnessing a notable boom, with daily transactions approaching 1.875 million, and gas fees indicate an increase in usage.
The Ethereum/Bitcoin ratio has exited an 8-year consolidation phase against Bitcoin, indicating potential gains for dominance.
4. Short-selling pressure and momentum
Analysts note that a combination of short-selling pressure and declining exchange reserves is boosting momentum.
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Current price and a quick market overview
As of August 13, 2025:
Ethereum is trading near $4,680, recording a 9.5% increase in 24 hours. Despite intense sell-offs - including $88 million sold by a group called 'The Seven Brothers' and sales by the Ethereum Foundation - the upward trend remains strong.
Technical momentum and institutional demand continue to push Ethereum higher, with expectations targeting $6,000 and above.
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