Ethereum (ETH) Price: BlackRock Money Flood Pushes ETH to Test New Heights Near $4,500

TLDR

• Ethereum (ETH) is trading around $4,460-$4,475, up over 2% as institutional demand drives price higher
• BlackRock’s Ethereum ETF attracted $968 million in weekly inflows, with ETFs accumulating nearly 5% of circulating supply
• Network activity reached multi-year highs with over 1.7 million daily transactions, highest on record
• Major Bitcoin whale purchased 820,224 ETH worth $3.6 billion in two weeks, showing institutional confidence
• Technical analysis suggests potential breakout to $5,100, though $4,000 retest remains possible

Ethereum is trading around $4,460 to $4,475, posting gains of over 2% as institutional demand and network growth fuel upward momentum. The world’s second-largest cryptocurrency by market cap holds near record highs with a current valuation of approximately $536 to $541 billion.

BlackRock’s iShares Ethereum Trust ETF has attracted $968 million in net inflows during a single week. Since June, Ethereum ETFs and digital asset treasuries have accumulated nearly 5% of the total circulating supply.

This institutional accumulation has tightened exchange liquidity and sustained price momentum. BlackRock executives have positioned Ethereum as digital infrastructure alongside traditional asset classes.

The ETF approval and launch have been transformative for price action. Analysts argue that continued inflows could anchor Ethereum above $5,000 into the fourth quarter of 2025.

Ethereum’s network activity has surged to multi-year highs. The 14-day simple moving average of total transactions surpassed 1.7 million in August, marking the highest level on record.

This exceeds the activity seen during the 2021 bull cycle. Active addresses have also reached a three-year high, confirming broad network participation across the ecosystem.

Decentralized exchange volume has surged alongside total value locked. DEX metrics are nearly revisiting the 2021 all-time high according to DeFiLlama data.

The key difference this cycle is transaction costs. Network fees have remained low despite the spike in usage thanks to recent protocol upgrades.

THIS OG BITCOIN WHALE HAS BOUGHT 820,224 ETH WORTH $3.6 BILLION IN JUST 2 WEEKS.

HE DEFINITELY KNOWS SOMETHING pic.twitter.com/iG9Su2BGZE

— Ash Crypto (@Ashcryptoreal) August 31, 2025

Network Improvements Support Growth

The Dencun upgrade in March 2024 and Pectra upgrade in May 2025 expanded blob throughput and improved validator efficiency. These structural improvements are sustaining adoption without cost increases that historically eroded momentum.

A major Bitcoin whale has shifted attention to Ethereum, purchasing over 820,224 ETH worth approximately $3.6 billion in just two weeks. This represents one of the largest institutional accumulation patterns seen recently.

The whale’s move signals strong confidence in Ethereum’s prospects. Analysts note that ETH has been outperforming Bitcoin in recent market shifts.

Derivatives market data shows mixed signals. Trading volume fell 14.29% to $61.71 billion, suggesting slower short-term participation.

However, open interest rose 2.94% to $60.75 billion. This indicates participants are holding positions and maintaining steady confidence in ETH’s direction.

Technical Outlook and Price Levels

Ethereum has tested and respected an ascending trendline since June 22. The price has bounced multiple times near the $4,265 to $4,300 support zone.

On August 30, ETH briefly dipped under $4,400, triggering $170.8 million in futures liquidations. Buyers stepped back in at trendline support levels.

The Relative Strength Index has stabilized at 51. The MACD is narrowing its negative spread, pointing to a potential bullish crossover.

Near-term resistance stands at $4,665. A breakout above $4,865 would open the path to the psychological $5,100 level.

Failure to hold the ascending trendline risks a retracement to $4,000. This level is reinforced by the 50-day moving average as key support.

The $4,100 to $4,300 zone remains critical for bulls to defend in the short term. Some analysts warn that a retest around $4,000 is still possible before further gains.

The OI Weighted slipped by -0.0007%, indicating a subtle loss in market positioning strength. Though minor, the slip suggests that some stakeholders are stepping back to reassess momentum while others remain cautious.

Ethereum is showing upward momentum as institutional interest grows, with ETH trading at $4,475 with a 24-hour trading volume of $39.80 billion and a market cap of $541.54 billion.

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