Ethereum has outdone itself by scoring a new major price level of $4700 at present. The token has embraced a breakthrough momentum, banking on the current hype and inflows to reach the top of the market radar. Ethereum is currently a center of major market activity, noting a surge in its ETF inflows and capital as well. The major ecosystem boost is also one of the main highlights, tempting institutions to explore ETH to the core. Is $4700 a start to a major Ethereum price rally? Let’s explore it further.
Also Read: Ethereum Now Bigger Than Netflix as ETH Nears New High
Ethereum $4700: What It Means
Ethereum is currently sitting at the $4700 price level, as per the latest CMC data. The token has reached this milestone after maneuvering through multiple price barriers. Ethereum’s latest feat is the result of the rising institutional interest that the asset has been commanding as of late. ETH has become a center of new inflows and investments as companies continue to accumulate the asset at a rapid pace.
This accumulation is the result of the rising stablecoin speculation that may thrive on Ethereum, as the blockchain may become a perfect launchpad for the ecosystem.
Companies such as Bitmine and SharpLink have been showing rapid interest in the asset being busily accumulated by showing faith in the token’s future.
“Ethereum is Stealing the Show 🚨. While Bitcoin is up +28% YTD, Ethereum has surged ahead with a +41% rally and is showing no signs of slowing down. Breakout on volume after months of consolidation.$4,600 holding as support, signaling bullish continuation. Institutional demand & ETF buzz driving momentum.”
Ethereum is Stealing the Show 🚨
— Karan Singh Arora (@thisisksa) August 13, 2025
🔹While Bitcoin is up +28% YTD, Ethereum has surged ahead with a +41% rally and is showing no signs of slowing down.
🔹 Breakout on volume after months of consolidation.
🔹 $4,600 holding as support, signaling bullish continuation.… pic.twitter.com/wnD2Cb4WG3
At the same time, the asset is also surging primarily due to the Fed and expectations of the authorities finally announcing the new interest rate cut.
How High Is The Token Planning To Go?
Amid such intense bullish momentum, Standard Chartered has increased its yearly prediction for ETH to $7500:
“The long-term potential of the Ethereum (ETH) network is clear, with blockchain technology set to bring huge efficiencies to industries from finance to consumer tech.” The Bank states about ETH.
Moreover, Fundstrat’s Tom Lee has predicted another bullish price level, stating how ETH can easily scale to $12000.
“Ethereum is having its 2017 moment.” Lee later shared.
Tom Lee, the mastermind behind @BitMNR, went on CNBC, recreating the "this is my quant" moment from Wolrd of Wall Street movie, and set a $16,000 target for $ETH.
— Degen Ape Trader (@DegenApe99) August 13, 2025
The fun thing is, his quant made a mistake with the ratio data.
He said "ETH/BTC could go back to 2021 high, which… pic.twitter.com/sLKwhLQyMS
Also Read: Ethereum Beats Mastercard: The Next Big Price Target Revealed
