Cryptocurrency shorts endure devastation as Ethereum surpasses $4,500 mark for the first time since 2021.
Ethereum, the second-largest cryptocurrency by market capitalisation, has seen a significant surge in its price, reaching $4,500 for the first time since 2021. This upward trend has been supported by a general consensus of strong market confidence, as indicated by various reports and prediction market data.
According to Myriad Markets, the current odds for Ethereum hitting $5,000 by the end of 2025 range from 77.7% to 87.5%. These odds have been consistently high, with reports from mid-August 2025 suggesting an 87.5% probability, while another report from late July indicated an 82% probability [2][3]. A report from August 13, 2025, puts the odds at 77.7% [4].
The surge in Ethereum's price is not only due to these high predictions but also attributed to factors such as rising institutional demand, infrastructure upgrades, and growing adoption. Some experts even predict even higher targets, with some suggesting Ethereum could reach $7,500 or $10,000 by 2025. However, the specific Myriad Markets prediction range for $5,000 stands firmly in the high 70s to mid-80s percentile range [1][2][3][4].
In addition to the price surge, Ethereum-based Exchange Traded Funds (ETFs) have outpaced their Bitcoin counterparts over the course of the last month. This surge is partly due to the combination of treasury firms and ETF inflows, with about 8% of the entire ETH supply getting snatched up as of Tuesday.
Notable fundraisings in the Ethereum space include SharpLink Gaming, which raised nearly $900 million over the last week after announcing a $400 million direct offering on Monday. BitMine Immersion Technologies also upsized its fundraising efforts by more than $20 billion on Tuesday.
The surge in Ethereum's price has also led to a significant increase in liquidations on Ethereum short positions. Over $104 million worth of liquidations occurred over the past 24 hours, making Ethereum the leader in crypto liquidations with about $154 million worth during that span.
Despite the current surge, Ethereum remains down about 8% from its all-time high mark of $4,878 set in November 2021. However, it has posted a 5% increase since April, a period when no publicly traded firms had yet created strategic Ethereum reserves.
Ethereum also broke its one-day record of inflows on Monday, with more than $1 billion worth of investments. BlackRock's iShares Ethereum Trust ETF (ETHA) accounted for nearly 63% of the intake on Monday, contributing significantly to Ethereum's major surge. Ethereum has posted just three days of net ETF outflows since July began.
In conclusion, Ethereum's price surge and the strong odds for reaching $5,000 by year-end indicate a positive outlook for the cryptocurrency. The combination of fundraisings, institutional demand, and ETF inflows are driving this surge, and it will be interesting to see how Ethereum performs in the remaining months of 2025.
(Disclaimer: Myriad Markets is a product of Decrypt's parent company, DASTAN.)
- The price of Ethereum, the second-largest cryptocurrency by market capitalization, has reached $4,500, boosted by strong market confidence and predictions from Myriad Markets suggesting an 77.7% to 87.5% probability of hitting $5,000 by the end of 2025.
- The surge in Ethereum's price can also be attributed to factors like rising institutional demand, infrastructure upgrades, and growing adoption, with some experts predicting it could reach $7,500 or even $10,000 by 2025.
- Ethereum-based Exchange Traded Funds (ETFs) have outperformed their Bitcoin counterparts recently, with about 8% of the entire ETH supply getting bought up, leading to significant liquidations on Ethereum short positions.
- Notable fundraisings in the Ethereum space include SharpLink Gaming, which raised nearly $900 million, and BitMine Immersion Technologies, which increased its fundraising efforts by over $20 billion.
- Ethereum's price surge has been accompanied by a significant increase in investments, with Ethereum breaking its one-day record of inflows on Monday, and BlackRock's iShares Ethereum Trust ETF (ETHA) accounting for nearly 63% of the intake on that day.
