Ethereum Surges 26% with Bulls Targeting $5,000 Mark
On August 10, 2025, Ethereum (ETH) showcased impressive performance by surging over 26% within the past week, reaching a price of $4,210. This rally brings ETH close to its all-time high of $4,891 recorded in 2021, with bulls now aiming to break the $5,000 milestone.
Market analysis highlights that ETH has successfully surpassed crucial resistance levels, signaling strong momentum. Institutional investors are increasingly interested, as reflected by substantial inflows totaling $461 million on August 9. Technical indicators, such as the Relative Strength Index (RSI) positioned at 68.84, suggest there is room for further price appreciation.
The sentiment among traders remains overwhelmingly bullish, with the majority taking long positions on ETH. This favorable outlook indicates confidence in Ethereum’s continued growth potential.
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Stay updated on Ethereum’s journey to $5,000 and consider utilizing Bitlet.app’s flexible buying options to capitalize on the growing bullish trend.