- Ethereum surged to a record $4,946 before retreating to around $4,431 amid heavy liquidations.
- Analysts still see potential for ETH to climb between $7,000 and $12,000 in 2025.
Ethereum (ETH) briefly touched a new milestone over the weekend, hitting an all-time high of $4,946 before retreating sharply.
By Monday, the second-largest cryptocurrency slipped nearly 8% to $4,431.60, reflecting a broader pullback across the digital asset market. Despite the correction, Ethereum remains one of 2025’s best-performing assets.
A Weekend Surge Followed by Heavy Liquidations
The surge toward a new peak was fueled by Federal Reserve Chair Jerome Powell’s comments suggesting that interest rate cuts could begin as early as September. This optimism drove risk assets, including cryptocurrencies, to new highs. However, the rally quickly unraveled as more than $245 million in long Ethereum positions and $175 million in Bitcoin longs were liquidated within 24 hours, according to CoinGlass.
Bitcoin also saw pressure, slipping 2% to $110,531, its lowest since July. The dip highlighted the volatility surrounding digital assets despite recent bullish catalysts.
Ethereum Outshines Bitcoin in Institutional Demand
While both tokens corrected, Ethereum has been outperforming Bitcoin for weeks. The reason lies in institutional accumulation and growing interest in tokenization projects. Companies such as Bitmine, SharpLink, and ETHZilla have added ETH to their balance sheets, signaling confidence in its long-term value.
At the same time, ETH exchange-traded funds (ETFs) have seen notable inflows. On Friday, they pulled in $341 million, marking a second consecutive day of gains, largely driven by Fidelity’s FETH fund. In contrast, Bitcoin ETFs continued to bleed capital, with BlackRock’s IBIT leading outflows.
Analysts See Ethereum Heading Toward $10K and Beyond
Despite the short-term setback, analysts remain optimistic. Crypto strategist Jelle pointed to a confirmed bullish megaphone pattern on Ethereum’s weekly chart, suggesting a potential target near $10,000.
Another analyst, Mickybull Crypto, projects Ethereum could range between $7,000 and $11,000 this cycle, while others believe a move toward $12,000 or higher is possible in 2025 if ETF inflows persist and macroeconomic conditions align.
On-chain data also supports this outlook. Analyst Gert van Lagen noted that Ethereum’s long-term holder NUPL metric has entered the “belief-denial” green zone, a stage historically seen before major rallies.
What’s Next for Ethereum?
Currently trading near $4,463 with over $38.6 billion in intraday volume, Ethereum is stabilizing after its weekend surge. The next decisive move will depend on macroeconomic shifts, ETF trends, and continued institutional demand.
For now, Ethereum remains one of the strongest digital assets in 2025, and many believe the recent pullback could simply be the pause before a much larger rally.
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