Ethereum price predictions have been gaining an increasingly bullish outlook as ETH surges towards an all-time high breakout level. The ETH price today trades near $4,760, just 3% below its peak, after a 60% rally in the past month.
The explosive price performance comes as a result of steadily increasing spot ETF inflows over the past few months. On August 11th, ETH ETFs received a record of over $1 billion in inflows—the highest buying in a single day since launch.
In comparison, BTC ETFs saw much lower inflows, only $178.1 million on the same day. Not just ETFs, the Ethereum price is also outperforming Bitcoin in the charts.
BTC has gained nearly 21% from its June lows, while ETH is up 126% in the same period, due to which both retail and institutional investors have been inclining towards ETH for higher returns.
As a result, the Bitcoin Dominance Index has been falling for over one and a half months, currently at 59%. This means capital is being rotated from Bitcoin to ETH and other altcoins at an increasing rate, indicating altcoin season is gaining momentum.
With altseason switching into higher gears, emerging meme coins on the Ethereum network like Maxi Doge are flourishing with demand. Maxi Doge is a new DOGE-themed ERC-20 token going viral in presale after raising over $900,000 within a few weeks.
Corporate and Institutional Buying Pressure
After the $1 billion record inflow on Monday, Ethereum ETFs also saw a $729 million inflow on Wednesday. This marks the largest and the second-largest inflow within the same week.
Ethereum has been outshining Bitcoin’s spot ETFs for four straight days. The net inflows have totaled over $3 billion over the last seven trading days, and now the total AUM in spot ETH ETFs is $23 billion as per CoinMarketCap data.
As the Ethereum price moves towards its ATH, not just institutions, but corporate giants are also accumulating.
According to Strategic ETH Reserve data, corporates have accumulated over 3.6 million ETH, worth $16.95 billion so far. Among all the companies, BitMine Immersion Technologies, SharpLink Gaming, and The Ether Machine are the leading holders.
Ethereum Price Prediction: Will ETH Breakout to $5,000?
After an impressive 65% rally, the Ethereum price faced a quick correction at the end of July. ETH regained bullish momentum near the $3,361 support level with the help of increased institutional buying and has been performing remarkably.
With the continuation of its uptrend, the Ethereum price has gained nearly 40% in the past two weeks, and now eyes a breakout from its ATH level at $4,891.
However, ETH has been consolidating just below the $4,800 mark today, as a 10% decrease in volume over the last 24 hours suggests trading activity has diminished. This may be due to it being overbought, as indicated by the RSI value of 78.
As the broader market remains bullish, the Ethereum price may be experiencing another short pullback and could drop to the $4,350 or $4,164 level before continuing to create new highs.
Despite being overbought currently, a breakout from the immediate resistance and a new ATH value could spark sufficient bullish sentiment and launch the Ethereum price above the $5,000 psychological level.
Maxi Doge Flexes With $900K Raised In Presale
With Bitcoin Dominance declining and Ethereum price predictions of $5,000, experts are hinting that the altseason is already in action. Historically, undervalued meme coins have been the best movers in every altseason.
Maxi Doge is what you get after injecting Dogecoin with ungodly amounts of Tren, a 240 lb canine meme mascot showing strength to become “The” meme coin of 2025.
However, it is not just another dog-themed meme with a lackluster appeal. Maxi Doge represents the ethos of the new generation that appreciates gym-humour and craves explosive gains with 1000x leveraged trades.
In its public presale, the project has already raised over $900K, and the native token MAXI is priced at just $0.000252. This is your chance to get in early on one of the fastest-growing meme coin ICOs in the altseason 2025.
