5 signs that Ethereum’s bull market isn’t over below $5K

2 hours ago

Key takeaways:

  • Ethereum ETF inflows amusement persistent request from institutions.

  • Price gains are supported by grounds web activity.

  • ETH gained 195% connected BTC since April, which bodes good for “altseason.”

  • Bullish technicals suggest that ETH terms tin scope $12,000 this cycle.


After rallying to caller all-time highs supra $4,950 connected Sunday, Ether’s (ETH) terms has retraced by implicit 12% to $4,300. Despite this downturn, aggregate information points suggest that ETH terms inactive has much country to tally successful 2025.

Strong spot Ethereum ETF flows, treasury demand

Institutional involvement successful ETH has surged recently, driven by record-breaking ETF inflows and corporate treasury adoption

US-based spot Ethereum ETFs person seen unprecedented demand, with single-day inflows reaching a record $1.02 billion connected Aug. 11 and cumulative nett inflows exceeding $13.7 cardinal since their July 2024 launch. 

Related: Ethereum exit queue hits grounds $5B ETH, raising merchantability unit concerns

These concern products proceed to pull capital, drafting $39.1 cardinal successful nett inflows connected Thursday and extending their inflow streak to six consecutive trading days, according to data from Farside Investors.

Spot Ethereum ETF flows table. Source: Farside Investors

Inflows into ETH ETFs person besides outpaced Bitcoin ETFs, attracting 10x much superior than BTC ETFs, and reflecting the existent superior rotation into Ether products.

Ether besides continues to turn arsenic a firm treasury reserve asset, with BitMine Immersion Technologies buying 78,791 much ETH worthy $354.6 million. With the latest acquisition,  the institution holds astir $8 cardinal worthy of ETH, making it the largest firm holder

🔥 UPDATE: Bitmine adds different 78,791 $ETH($354.6M), present holding a full of 1,792,690 $ETH worthy implicit $8B. pic.twitter.com/s2kXW9YYxP

— Cointelegraph (@Cointelegraph) August 29, 2025

Part of Ether’s imaginable to emergence higher comes from expectations that institutional adoption volition proceed to grow, arsenic traders oculus the $7,000 target arsenic the adjacent important milestone for ETH price.


Strong web activity

Ethereum’s web fundamentals look stronger than ever, with monthly mean transactions climbing to 49.8 cardinal from 31.7 cardinal successful July, representing a 57% increase, per data from Nansen.

Active addresses roseate by 24% to 9.6 cardinal implicit the aforesaid period.

Blockchain comparison: Daily transactions, progressive addresses and web fees. Source: Nansen

Weekly DEX volumes roseate to an all-time precocious of $39.2 cardinal successful the 2nd week of August, information from DefiLlama shows

Rising transaction activity, a surge successful progressive addresses and grounds DEX volumes each suggest that request for Ethereum is rising.

While the full worth locked (TVL) successful Ethereum’s DeFi protocols dominates astatine $92 billion, representing 60% of the marketplace share. 

Total worth locked connected Ethereum. Source: DefiLlama

ETH terms gains connected BTC

Ether has been up 195% since April, but it has besides much than doubled successful terms successful Bitcoin (BTC) terms.

BTC terms has rallied 47% implicit the aforesaid period, portion different top-cap furniture 1 tokens, specified arsenic BNB Chain’s BNB and Solana’s SOL, person rallied 55% and 98%, respectively.

The ETH/BTC brace besides surged since April, reaching a 12-month precocious of 0.043 BTC connected Aug. 24. 

ETH/BTC ratio. Source: Cointelegraph/TradingView

This rally has resulted successful the MACD flashing a bullish transverse connected the ETH/BTC monthly illustration for the archetypal clip successful 5 years.

The past clip this happened was successful June 2020, preceding a 270% emergence successful the ETH/BTC trading brace and culminating successful a 2,300% rally successful ETH/USD to an all-time precocious of $4,867 successful November 2021.

MACD BULLISH CROSS JUST FLASHED ON $ETH/ $BTC FOR THE FIRST TIME IN 5 YEARS. #ALTSEASON HISTORICAL SIGNAL pic.twitter.com/gToF4UHMOE

— Mikybull 🐂Crypto (@MikybullCrypto) August 28, 2025

A akin script could present play retired with a parabolic rally, ushering a alleged altcoin season, with galore analysts expecting a typically bullish Q4.

ETH terms technicals people caller all-time highs

Ether’s method setups connected aggregate clip frames are leaning bullish, too. 

ETH displayed spot aft breaking supra a rounded bottommost illustration signifier connected the regular chart. The terms inactive traded supra the neckline of the signifier astatine $4,100, a confirmation that the breakout was inactive successful play.

The measured people of the rounded bottommost illustration signifier is astatine $12,130, oregon a 180% emergence from the existent price.

ETH/USD regular chart. Source: Cointelegraph/TradingView

Others, specified arsenic Trader Jelle, accidental that a bullish “megaphone” connected the play illustration points to ETH resuming its bull inclination toward $10,000.

— Jelle (@CryptoJelleNL) August 29, 2025

This aligns with targets antecedently flagged by different marketplace analysts, including Standard Chartered’s Geoffrey Kendrick, who anticipates ETH to deed astatine slightest $7,500 by year’s end.

Other method setups suggest ETH’s terms could ascent to arsenic precocious arsenic $20,000 successful the coming months.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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