Key takeaways:
Institutional demand for Ethereum ETFs remains strong.
Record network activity supports price increases.
Since April, ETH has surged 195% against BTC, signaling potential for an “altseason.”
Positive technical signals suggest ETH could hit $12,000 this cycle.
After reaching a new all-time high above $4,950 on Sunday, Ether’s (ETH) price has pulled back over 12% to $4,300. Nonetheless, various data indicators suggest that ETH still has upside potential in 2025.
Robust Ethereum ETF inflows and treasury interest
Recent times have seen a significant rise in institutional interest in ETH, fueled by record ETF inflows and corporate treasury adoption.
Spot Ethereum ETFs in the US have witnessed unparalleled demand, with single-day inflows hitting a record $1.02 billion on Aug. 11 and total net inflows surpassing $13.7 billion since their July 2024 launch.
Related: Ethereum exit queue reaches record $5B ETH, heightening sell pressure concerns
These investment vehicles continue to gather capital, with $39.1 million in net inflows on Thursday, marking six consecutive days of inflows, according to data from Farside Investors.
Inflows into ETH ETFs have also outstripped Bitcoin ETFs, drawing 10 times more capital than BTC ETFs, highlighting the capital shift towards Ether products.
Ether is increasingly being adopted as a reserve asset by corporations, with BitMine Immersion Technologies purchasing an additional 78,791 ETH valued at $354.6 million. The latest acquisition brings the company’s total ETH holdings to around $8 billion, 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 growth potential is supported by expectations of continued institutional adoption, with traders eyeing $7,000 as the next major milestone 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 grew by 24% to 9.6 million during the same timeframe.
Weekly DEX volumes reached an all-time high of $39.2 billion in the second week of August, as per data from DefiLlama shows.
Increased transaction activity, a surge in active addresses, and record DEX volumes all indicate rising demand for Ethereum.
The total value locked (TVL) in Ethereum’s DeFi protocols stands at $92 billion, representing 60% of the market share.
ETH price performance against BTC
Ether has appreciated 195% since April and has more than doubled in value when measured against Bitcoin (BTC).
Over the same period, BTC price has increased by 47%, while other prominent layer-1 tokens like BNB and SOL have seen gains of 55% and 98%, respectively.
The ETH/BTC pair also surged since April, hitting a 12-month peak of 0.043 BTC on Sunday.
This rally has prompted the MACD to signal a bullish cross on the ETH/BTC monthly chart for the first time in five years.
The last occurrence was in June 2020, which preceded a 270% increase in the ETH/BTC trading pair and culminated 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 trajectory may now be anticipated, potentially leading to a significant altcoin rally, with many analysts predicting a typically bullish Q4.
Technical analysis for ETH price targets
Ether’s technical indicators across various time frames appear bullish.
ETH showed resilience after breaking above a rounded bottom chart pattern on the daily chart. The price remains above the pattern’s neckline at $4,100, indicating that the breakout remains valid.
The projected target for the rounded bottom pattern is at $12,130, representing a 180% increase from the current value.
Other analysts, including Trader Jelle, note that a bullish “megaphone” pattern on the weekly chart suggests ETH could resume its bull trend toward $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 targets indicated by other market analysts, including Standard Chartered’s Geoffrey Kendrick, who forecasts ETH will reach at least $7,500 by year-end.
Additional technical analyses indicate that ETH’s price could potentially surge to as high as $20,000 in the coming months.
This article does not constitute investment advice or recommendations. Every investment and trading decision involves risk, and readers should conduct their own research when considering their options.
