Key takeaways:
Institutional demand for Ethereum ETFs remains strong.
Price increases are bolstered by unprecedented network activity.
Since April, ETH has risen 195% against BTC, signaling positive prospects for “altseason.”
Positive technical indicators suggest ETH could reach $12,000 in this market cycle.
After hitting new all-time highs above $4,950 on Sunday, Ether’s (ETH) price has dropped over 12% to $4,300. Despite this decline, several indicators point to ETH having the potential for further growth in 2025.
Robust Ethereum ETF inflows and treasury interest
Recently, institutional interest in ETH has surged, fueled by record ETF inflows and increased corporate treasury adoption.
US-based spot Ethereum ETFs have seen remarkable demand, with single-day inflows hitting a record $1.02 billion on Aug. 11 and cumulative net inflows surpassing $13.7 billion since their launch in July 2024.
Related: Ethereum exit queue reaches a record $5B ETH, raising sell pressure concerns
These investment products continue to draw capital, bringing in $39.1 million in net inflows on Thursday and maintaining an inflow streak of six consecutive trading days, according to data from Farside Investors.
Inflows into ETH ETFs have outpaced those of Bitcoin ETFs, attracting ten times more capital, reflecting a capital rotation towards Ether products.
Ether is also gaining traction as a corporate treasury reserve asset, with BitMine Immersion Technologies acquiring an additional 78,791 ETH valued at $354.6 million. With this latest purchase, the company now holds about $8 billion in ETH, making it the largest corporate holder.
🔥 UPDATE: Bitmine adds another 78,791 $ETH($354.6M), now holding a total of 1,792,690 $ETH worth over $8B. pic.twitter.com/s2kXW9YYxP
— Cointelegraph (@Cointelegraph) August 29, 2025
Ether’s potential for further ascension stems from expectations of continued institutional adoption, with traders eyeing the $7,000 mark as the next significant target for ETH price.
Robust network activity
Ethereum’s network fundamentals are stronger than ever, with monthly average transactions rising to 49.8 million from 31.7 million in July, marking a 57% increase, according to data from Nansen.
Active addresses increased by 24% to 9.6 million during the same period.
Weekly DEX volumes surged to an all-time high of $39.2 billion in the second week of August, as reported by data from DefiLlama shows.
Rising transaction activity, an increase in active addresses, and record DEX volumes indicate a growing demand for Ethereum.
The total value locked (TVL) in Ethereum’s DeFi protocols continues to dominate at $92 billion, holding a 60% market share.
ETH price growth against BTC
Ether has appreciated 195% since April, having more than doubled in value in Bitcoin (BTC) terms.
BTC has risen 47% during the same timeframe, while other leading layer 1 tokens, such as BNB Chain’s BNB and Solana’s SOL, have gained 55% and 98%, respectively.
The ETH/BTC pair has also surged since April, hitting a 12-month high of 0.043 BTC on Aug. 24.
This rally has caused the MACD to signal a bullish crossover on the ETH/BTC monthly chart for the first time in five years.
The last occurrence of this was in June 2020, ahead of a 270% increase in the ETH/BTC trading pair and culminating in a 2,300% surge in ETH/USD, reaching an all-time high of $4,867 in 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 similar scenario may unfold now with a parabolic rally, leading into a so-called altcoin season, as many analysts anticipate a typically bullish Q4.
ETH price technicals point to new all-time highs
Ether’s technical setups across various time frames appear bullish as well.
ETH showed resilience after breaking above a rounded bottom pattern on the daily chart. The price remains above the neckline of this pattern at $4,100, confirming that the breakout is valid.
The projected target from the rounded bottom pattern stands at $12,130, indicating a potential 180% increase from the present price.
Others, like Trader Jelle, indicate that a bullish “megaphone” on the weekly chart suggests ETH could resume its upward trend towards $10,000.
This bullish megaphone has a target of roughly $10,000.
But you wouldn’t believe it.$ETH pic.twitter.com/0F8Yq9qnl6
— Jelle (@CryptoJelleNL) August 29, 2025
This aligns with price targets previously mentioned by other market analysts, including Standard Chartered’s Geoffrey Kendrick, who forecasts ETH reaching at least $7,500 by the end of the year.
Other technical setups imply that ETH price could soar to as high as $20,000 in the upcoming months.
This article does not provide investment advice or recommendations. Every investment and trading decision involves risk, and readers should do their due diligence before making choices.
