Ethereum Surpasses $4,600 as BitMine Aims for a $20 Billion Ethereum Treasury
In the past month, Ethereum (ETH) has experienced a significant surge in value, with the cryptocurrency currently trading at around $4,625 – its highest levels in almost four years. This bullish trend is largely attributed to increasing institutional demand and substantial inflows into spot Ether Exchange-Traded Funds (ETFs).
Since the beginning of July, spot Ether ETFs have taken in nearly $1.5 billion more than spot Bitcoin ETFs, marking a notable shift in investment trends. This trend continued into early August, with a significant gap between Ether and Bitcoin ETF inflows. As of the latest data, the inflows over the past five trading days amount to around $2.3 billion.
The world's largest Ethereum treasury company, BitMine Immersion Technologies, has further fueled this momentum by filing a prospectus with the SEC to raise an additional $20 billion through sales of common stock. This move is expected to bolster BitMine's Ether holdings, which currently stand at almost 1.2 million ETH.
The inflows into spot Ether ETFs have been substantial, with Tuesday, August 13, 2025, being the fifth-best day since the launch of these products in terms of inflows. This day also saw another massive inflow day following a record $1 billion inflow on Monday, with Tuesday's inflow totaling $523 million.
Industry expert Nate Geraci has noted this shift in investment trends, pointing to BlackRock's record $640 million inflow on Monday as a key driver of the record $1 billion inflow. Geraci shared his observations in a tweet posted on August 13, 2025.
The strong price gains for Ethereum are not limited to the short term. Analysts predict a parabolic move for Ether, which could push prices into five figures this market cycle. The current predictions for Ethereum prices in 2025 reflect strong bullish sentiment driven by institutional interest and ETF inflows, with analysts forecasting a possible price range from about $2,900 to $5,000, and some even targeting up to $10,000 in a longer-term bull run.
Despite recent corrections from highs above $4,700 down to about $4,335, technical analysis shows Ethereum facing key support at $4,000 and resistance near $4,800. Sell pressure and profit-taking by large holders (whales) suggest a possible retest of $4,000 before further upward moves can occur.
However, the overall analyst consensus favors higher prices, with an average forecast around $2,960 through 2025 and upside potential to $5,000 or more. Longer-term targets during this bull cycle range as high as $10,000, depending on market conditions and adoption trends.
In summary, Ethereum is showing strong price gains in 2025 fueled by institutional demand and ETFs, with immediate resistance near $4,800 and support at $4,000. The overall analyst consensus favors higher prices, with an average forecast around $2,960 through 2025 and upside potential to $5,000 or more. Longer-term targets during this bull cycle range as high as $10,000, depending on market conditions and adoption trends.
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