Ethereum Price Nears All-Time High, ETH ETF Inflows Cross $1.5B in Two Days

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Ethereum, the second-largest cryptocurrency, has been rallying nearly 30% in the past week and is now close to its $4,800 all-time high. Pseudonymous crypto trader Yashasedu says Ethereum might be preparing for one of its biggest moves yet. If Bitcoin hits $150,000, Ethereum might soar past $8,500, and past trends suggest it’s possible.

Ethereum Eyeing 35% Gain, IF!

According to trader Yashasedu, Ethereum (ETH) may be on the verge of another explosive run, especially if historical patterns repeat themselves. In previous bull runs, ETH’s market cap often reached 30–35% of Bitcoin’s (BTC) value, hitting around 35% in 2017 and nearly 36% in 2021.

Now, similar signs are starting to appear.

With Bitcoin trading around $119,000 and a $2.38 trillion market cap, ETH is trading near $4,625 , close to its $4,800 all-time high. If ETH returns to 30% of BTC’s market cap, its price could reach $5,840. At 35%, it might jump past $6,800.

In an even more bullish scenario, if Bitcoin reaches $150,000, a 35% ETH ratio could potentially push its price to around $8,656, a new record high.

Bullish Factor Supporting this Prediction

One big factor driving optimism is the strength of Ethereum’s ecosystem. The total value locked (TVL) on Ethereum has surged past $90 billion, the highest since 2022, showing renewed on-chain activity.

On top of it, Institutional interest is also ramping up, with billions of dollars’ worth of ETH being accumulated by big players. Recently, blockchain firm BitMine Immersion Technologies revealed plans to raise a staggering $20 billion for ETH purchases.

In fact, Spot Ether ETFs just recorded their biggest day ever on August 11, bringing in $1.018 billion in net inflows . The momentum continued the very next day, with another $523.9 million flowing in, led by BlackRock at the forefront.

ETH RSI Hit Overbought Zone

As of now, the Ethereum price is trading around $4,610 after a sharp rally, its highest level in over two years. The RSI is above 70 , showing overbought conditions, but some analysts still see more upside potential.

A break above the $4,750 resistance could open the door for gains toward $4,800 or even $4,840 soon. On the other hand, if ETH fails to stay above $4,620, it may pull back, with initial support near $4,525.