Dual Visualizations, Different Narratives: The Peculiar Discrepancy in Exchange Figures for Ethereum
Ethereum's Bullish Trajectory: A Closer Look
Ethereum, the second-largest cryptocurrency by market capitalisation, has been on an upward trend since early 2025, reaching a high of about 0.04. This surge has been driven by retail enthusiasm, institutional accumulation, and record supply growth.
Currently trading around $4,200, Ethereum is approaching a historically significant supply zone at $4,400. A breakout above this level could potentially push Ethereum toward $4,800 and a retest of its all-time high. However, a drop below $4,000 could lead to a pullback toward the $3,950-$4,000 support zone.
Momentum indicators, including the MACD and buying volume, remain positive, according to CryptoQuant's analysis. CoinCodex forecasts an approximate 10.85% rise to about $5,240 by mid-September.
Strong institutional inflows, particularly through Ethereum spot ETFs, bolster optimism. These ETFs have accumulated over $1.7 billion in inflows for August so far, near record highs for the asset class.
Short-term Outlook
Ethereum faces a critical resistance level at $4,800; surpassing this could trigger a rally reaching $5,500–$6,000 by the end of August 2025. On the downside, a drop below $4,000 could push prices down to around $3,800.
Long-term Outlook
Analysts like Standard Chartered and Fundstrat's Tom Lee provide bullish forecasts, expecting Ethereum to reach $7,500 by the end of 2025, with Tom Lee envisioning a potential surge up to $12,000–$15,000. This optimism is underpinned by expanding institutional adoption, regulatory tailwinds, and large corporate ETF accumulations. These factors are strengthening Ethereum’s network utility and fee demand.
Conflicting Trends
While recent price fluctuations and a minor dip to around $4,442 suggest near-term volatility, the underlying on-chain data points to sustained buying pressure from whales and institutional players, which could support a significant rally. The strong inflows into Ethereum spot ETFs reflect a growing institutional appetite despite minor short-term corrections. This inflow acts as a positive netflow signal, reinforcing bullish momentum.
In summary, Ethereum’s short-term outlook hinges on clearing key resistance zones for upside continuation, while a fallback below $4,000 could trigger pullbacks. The long-term outlook is strongly bullish, driven by institutional adoption, regulatory support, and robust on-chain activity, with price targets ranging from $7,500 to as high as $15,000 by year-end 2025. Despite some near-term price conflicts, the overall momentum and netflow data support a constructive future trajectory.
[1] [Source 1] [2] [Source 2] [3] [Source 3] [4] [Source 4] [5] [Source 5]
Ethereum's technology has been instrumental in driving the cryptocurrency's bullish trend, providing a robust and expanding network utility. The current surge in Ethereum trading has been boosted by strong institutional inflows, particularly through Ethereum spot ETFs.
As analysts like Standard Chartered and Fundstrat's Tom Lee predict, the long-term outlook for Ethereum involves a potential surge up to $12,000–$15,000, underpinned by increased institutional adoption, regulatory tailwinds, and large corporate ETF accumulations.
