Here’s the current Ethereum price:



What’s “the same position” as last bull run?


The 2020–2021 bull run was $ETH

most explosive rally. It peaked in November 2021 at around $4,867—or between $4,800 and $4,900, depending on data source .


As of mid-August 2025, Ethereum is trading in the $4,400 to $4,600 range—so it's currently within approximately 3–9% of its all-time high .


Comparing now vs. the last bull run setup



  • Bull run peak (Nov 10, 2021): ~$4,867 (ATH) .


  • Current price (Aug 16, 2025): ~$4,444–$4,600, depending on data source .


Percentage gap:



  • MarketWatch reports ETH trading around $4,715, about 3% below the ATH .


  • Axios notes it's “within 9% of an all-time high” .


  • CoinCodex lists the current price around $4,636, roughly 5% below ATH .


So, Ethereum today is very close to—and possibly even closer than during previous surges—to its all-time high. It’s essentially making a “re-test” of the 2021 peak.



How this mirrors (or differs from) the 2021 run


Parallels:



  • Approaching ATH means Ethereum is once again in bull territory just like late 2021.


  • Institutional demand and regulatory tailwinds are driving this push: SEC-friendly environment, ETF growth, corporate treasury accumulation .


  • Technological upgrades like the Pectra upgrade or previous ones (e.g., London, EIP-1559) boost network fundamentals .


Differences:



  • Unlike 2021, today's rally isn’t tied to NFT frenzy or DeFi mania—those were core to the 2020–2021 boom.


  • This time, it's largely institutional—from ETFs, treasury holdings, and regulatory clarity—driving the rally .


  • External macro tailwinds (e.g., potential Fed rate cuts) are actively supporting the move .



Summary Table





































MetricNov 2021 Bull Run PeakMid-Aug 2025 (Current)All-time high price (ATH)~$4,867Same still being approachedCurrent Price—~$4,400–$4,600Gap to ATH—~3–9% belowDriversDeFi, NFTs, speculationInstitutional demand, regulatory push, ETFsNetwork upgradesEIP-1559, Merge (2022)Pectra upgrade (2025) among others



Final Take


$ETH is now in a very similar—or perhaps even more mature—position compared to the last bull run. It’s very close to its all-time high, and this time around, the move is backed by institutional firepower, regulatory clarity, and protocol-level improvements—not just hype. Whether this becomes a fresh new high or stalls near resistance remains to be seen—but the momentum is unmistakable.


Would you like to explore Ethereum’s technical charts, compare to Bitcoin’s positioning, or dive into what could push it past its 2021 high?