Ethereum Update – August 8, 2025

Market Highlights

Rally Drivers & Institutional Moves

• Executive Order Enables 401(k) Crypto Investing

President Trump’s policy shift allowing retirement accounts to include crypto sparked a broad rally. Ethereum jumped around 5% in response  .

• BlackRock’s $103M $ETH Purchase Boosts Sentiment

Institutional demand soared as BlackRock acquired $103 million in Ethereum, fueling bullish expectations for a breakout toward $4,000 .

Technical Outlook & Trading Activity

• Approaching Key Resistance at $4,000

Market chatter suggests ETH is nearing a significant psychological barrier—and a breakout could trigger broader gains  .

• Network Usage Hits Record High

Ethereum’s daily transactions spiked to 1.74 million, signaling heightened utilization. Staking demand and regulatory clarity are key tailwinds  .

• Price Above $4,000—First Time Since December

In U.S. trading today, Ethereum briefly surpassed $4,000, marking a milestone and widening the ETH/BTC ratio .

• Vitalik Buterin Weighs In

ETH co-founder Vitalik Buterin endorsed the rise of treasury firms holding Ether but warned against overreliance on leveraged strategies