Ethereum price breaks through 4300 USD to set a new three-year high, analysts: next target 5000 USD

As of August 11, according to the latest market data from Gate, the price of ETH has broken through the $4300 mark during the day, currently reported at $4274.99, with a rise of 1.57% within 24 hours. This price sets a new high since January 2022, marking Ethereum's official entry into a technical bull run, with bullish market sentiment continuing to heat up.

##Current Price and Market Performance

• Strong breakthrough of key resistance: Ethereum surged by 26% in the first week of August, soaring from $3520 at the beginning of the month to $4304.99 on August 11, successfully breaking through the historical strong resistance zone of $4200 - $4220. Just between August 9 and 10, ETH consecutively broke through the two major thresholds of $4100 and $4300, demonstrating strong momentum.
• Trading volume surges: Accompanied by the price rise, ETH's 24-hour trading volume surpasses 46.4 billion USD, with a net inflow of 86.6 million USD in the spot market, as institutions and whale accounts continue to accumulate.
• Short squeeze effect: In this round of rise, as much as 215 million USD in short positions were liquidated, exacerbating price volatility. Derivatives market data shows that bullish sentiment is dominant, with open interest reaching a new high for the year.

##Bullish Factors Analysis

The technical analysis is forming a bull run structure.

• The price of Ethereum has confirmed a breakthrough of a 5-year wedge consolidation and a 3-year range, forming a classic bull market channel. Analysts point out that the current structure is highly similar to the breakout pattern in May-June 2025—strongly breaking through after repeatedly inducing short positions below the resistance level.
• Key indicators are all bullish: On the 4-hour chart, ETH price is above all moving averages (EMA20 is at $3909), the Bollinger Bands are opening upwards, and the RSI remains in the 70 - 78 overbought zone without any divergence, indicating sufficient upward momentum.

capital inflow and ETF boost

• The U.S. spot Ethereum ETF has achieved a continuous net inflow for 10 weeks, totaling nearly $8 billion, setting a new historical high. Institutional funds have become the key factor driving ETH away from Bitcoin's trend, with the ETH/BTC exchange rate rising to 0.003687. Analysts expect it to advance towards 0.0041.
• On-chain data shows that the issuance and usage of stablecoins (especially USDT) have surged on the Ethereum network, with Tether issuing 6 billion USDT in July alone, injecting liquidity into the ETH ecosystem.

Market sentiment shifts to greed

• LD Capital founder Yi Lihua emphasized: "After ETH breaks the $4000 double top resistance level, hold onto ETH and don't short, and you won't miss this bull run." This viewpoint echoes the optimistic expectations of most traders, believing that ETH is reappearing the characteristics of the bull runs in 2017 and 2020.
• On a macro level, the expectation of interest rate cuts by the Federal Reserve is rising, leading to an increased preference for risk assets. Yi Lihua points out that "the arrival of interest rate cut expectations will bring a quality altcoin season," with ETH becoming the key target that leads the market.

##Price Prediction and Targets Analysts have reached a consensus on a tiered target price for ETH from the short term to the end of the year:

• Short term (end of August): If the daily line stabilizes at the support of 4093 USD, ETH is expected to test 4500 USD; if it breaks through the resistance zone of 4200 - 4220, it will accelerate the attack on the range of 4750 - 5200 USD. LD Capital has clearly set 5000 USD as the first target for breaking new highs.
• Mid-term (end of 2025): Conservative model sees a price range of 6000 - 6400 USD; aggressive forecasts by Tom Lee of BitMine and Matthew Sigel of VanEck suggest that ETH could hit 16000 USD, looking towards 22000 USD by 2030.
• Key time window: Trader BitBull pointed out that if the closing price this week is above 4100 US dollars, ETH may reach a new historical high within 1 - 2 weeks.

The table below is the ETH price prediction framework based on the comprehensive analyst opinions:

| Time Period | Target Price | Core Basis | Representative Institution/Analyst | | ---------- | ------------------ | -------------------------------- | ---------------------- | | End of August | 4,500 - 5,000 USD | Technical structure breakout, short squeeze | LD Capital | | End of 2025 | 6,000 - 6,400 USD | Continued inflow of ETFs, institutional allocation | Conservative model | | End of 2025 | 16,000 USD | Macroeconomic rate cut cycle, demand for derivatives | Tom Lee (BitMine) | | 2030 Year | 22,000 USD | Ecological Expansion, Stablecoin Scaling | VanEck |

Risk Warning

Despite the strong trend, investors need to be cautious of short-term fluctuations:

• Technical correction risk: The weekly chart shows that ETH may retest the support level of 3305 USD. If it falls below 2895 USD, the downside target will look towards 2265 USD, forming a mid-term top structure.
• Regulatory dynamics: Hong Kong's "Stablecoin Regulation" came into effect in August, with USDT and USDC entering a 3-month transition period. If policies tighten, it may affect stablecoin activities on the Ethereum chain.
• Market overheating signals: RSI remains in the overbought zone, derivatives funding rates are rising, and caution is needed against sudden drops caused by long leverage liquidations.

##Future Outlook Can Ethereum continue its upward trend? Closing above $4100 this week will be a key verification point. If macroeconomic factors align with ETF inflows, the challenge for ETH to reach the historical high of $5000 may be just the last mile. As traders have stated: "Only ETH can bring investors back to the bull run"—under the resonance of interest rate cut expectations and technological innovation, ETH is transforming from "digital oil" into the "new tech blue chip" for institutional asset allocation.