The $ETH is witnessing a bullish wave supported by investment inflows into exchange-traded funds (ETFs) and technical achievements, while regulatory changes reshape the currency landscape. Here are the latest updates:
ETH/BTC breakout (August 15, 2025) – The ETH to BTC ratio reaches its highest level in a year, reflecting Ethereum's relative strength.
Approaching all-time high (August 15, 2025) – Record network activity and $3 billion inflows into exchange-traded funds push ETH close to $4,867.
Easing of oversight by the Federal Reserve on digital currencies (August 15, 2025) – Ending the 'new activities' program which reduces oversight on banks in the digital currency space.
Detailed analysis
1. ETH/BTC breakout (August 15, 2025)
Overview:
The ETH to BTC ratio has risen above its 365-day moving average for the first time since the network's merge, reaching 0.048. Analysts indicate that this reflects increasing momentum for Ethereum compared to Bitcoin, driven by institutional demand for ETH spot exchange-traded funds and accelerated altcoin turnover.
What this means:
This is a positive indicator for Ethereum as it reflects market confidence in using ETH beyond being just a store of value like Bitcoin. If the ratio returns to its peak in 2021 at 0.08, it could imply an ETH price of $9,600 if Bitcoin stays at $120,000. However, Bitcoin's dominance at 59% still poses a challenge.
2. Approaching all-time high (August 15, 2025)
Overview:
ETH traded at $4,737 on August 15, just 2.67% lower than its peak in 2021 at $4,867, supported by record network activity (1.875 million transactions daily) and inflows of $3 billion into ETH spot exchange-traded funds in early August. Analysts warn that achieving a new all-time high could trigger $2 billion in buying pressure.
What this means:
This is positive for Ethereum as the demand for exchange-traded funds and the decline in ETH reserves on exchanges (-186,000 ETH on August 12) reduce supply. However, technical resistance near the $4,800 price and the potential for profit-taking after reaching the all-time high may cause market volatility.
3. Easing of oversight by the Federal Reserve on digital currencies (August 15, 2025)
Overview:
The Federal Reserve has ended the oversight program on 'new activities' that monitored banks' projects in the digital currency and fintech space. Banks will now follow standard oversight frameworks, indicating a reduction in regulatory hurdles.
What this means:
This is a neutral stance regarding Ethereum. While easing regulatory burdens may facilitate institutional adoption of the currency, the Federal Reserve has affirmed that it retains the authority to intervene if risks arise. Thus, banks may remain cautious in dealing with services such as storing or staking ETH.
Summary
Ethereum combines technical momentum, increasing demand from exchange-traded funds, and growing regulatory support, positioning it for the potential of a new breakout. However, caution is warranted regarding general economic risks such as delaying interest rate cuts due to producer price index indicators, along with many long positions that could increase market volatility. Will Ethereum follow the path of institutional adoption as Bitcoin did after reaching its peak price, or will it face sharp corrections as the altcoin season peaks?
