The cryptocurrency market saw a spectacular change this month. This noteworthy development saw Ethereum, the second-largest cryptocurrency by market cap, moving ahead in stealth mode, carving its path after staying sluggish for months. ETH has noted a massive price jump this July, fueling new hope and enthusiasm for ETH bulls to bank on. With increased investor and institutional interest, will ETH continue to surge higher in August? If yes, how high can it truly go? Let’s find out.
Also Read: Ethereum’s 10-Year Anniversary: Price Forecast for Next 10 Years
Ethereum: The Latest Star of the Market
Ethereum is currently leading the crypto market evolution as of now. Per the latest CoinMarketCap data, ETH is currently trading at $3861, up 57% in the last month. The token has gained a tremendous leap, breaking away from resistance prevalent at various $2K+ price levels.
$ETH went up 55% in July.
This has been by far its best monthly performance in 3 years. pic.twitter.com/YshIhHDYam— The DeFi Investor 🔎 (@TheDeFinvestor) July 31, 2025
Moreover, Ethereum is leveraging current market momentum, which is set to reshape its identity for the newer dimensions. ETH is currently surging high on speculations that the budding stablecoin system, backed by the US, may end up leveraging Ethereum to build a robust stablecoin domain and infrastructure.
Per expert Ted Zhang, such speculative headwinds have started to show effect, with ETH eyeing a new high of $4100 in the process.
“I just can’t get over this Ethereum weekly chart that really extends back 4 years. With the stablecoin tailwinds, a fat pitch is coming over 4100.”
I just can't get over this Ethereum weekly chart that really extends back 4 years. With the stablecoin tailwinds, a fat pitch is coming over 4100. pic.twitter.com/EE6C2l9Qyl
— Ted Zhang (@TedHZhang) July 25, 2025
In addition to this, Ethereum’s solid repute as a blockchain hosting the majority of stablecoins is also driving a new narrative, helping ETH surge in the process.
Furthermore, ETH is currently a major highlight for several institutions such as Ark Invest and SharpLink Gaming, a narrative that is helping ETH gain credible speed in the process.
Celebrating 10 years of Ethereum! 🎉
— Bluechip (@bluechip_org) July 29, 2025
Stablecoins are the killer app for crypto and @Ethereum is the home of stablecoins.
The Ethereum ecosystem hosts almost 57% of stablecoin supply and settles over 60% of all transaction volume.
Here's to 10 more. pic.twitter.com/swrtv5xwqw
Is $5000 A Possibility For The Token In August?
As per CoinCodex’s ETH Data, the token may surge as high as $4200 by the end of August 2025.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 10.20% and reach $4,260.07 by August 30, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed). Ethereum recorded 22/30 (73%) green days with 16.10% price volatility over the last 30 days.”
However, by October 2025, ETH may end up surging to hit the $6K price mark in the process.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 65.88% and reach $6,412.48 by October 29, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (Greed). Ethereum recorded 22/30 (73%) green days with 16.10% price volatility over the last 30 days.”
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