🚨 ETH ATH Watch 🚨
As of Aug 13, $ETH is trading $4.3K–$4.4K — just shy of its Nov ‘21 ATH of ~$4.89K.
Up +65% in 30 days, with ETF inflows, tech upgrades, and a supply squeeze fueling momentum.
1⃣Institutional flows
📍Spot ETH ETFs (BlackRock, Fidelity) pulled in $1.25B in 19 days — biggest buy wave since 2017
📍July alone: +2.7M ETH added by institutions
📍Treasuries like SharpLink now hold more ETH than the Ethereum Foundation
📍Staking ETF approval could unlock yield-on-ETH for pensions & funds
2⃣ Tech upgrades + usage
📍Proto-Danksharding (EIP-4844) = cheaper L2 txs, faster scaling
📍Aug 5: 1.74M daily txs = new ATH
📍ETH = 55% of crypto TVL, 40%+ USDT, 75%+ USDC
10 years uptime, deflationary since EIP-1559
3⃣ Regulation + supply squeeze
📍GENIUS Act + SEC “Project Crypto” favor PoS chains
📍30% of ETH staked = less liquid supply
📍Exchange reserves at multi-year lows
📍RWAs (USTs, private credit) mostly tokenized on ETH
4⃣ Sentiment shift
📍Broke $4K → shorts squeezed → vertical move setup
📍Open interest ATH
📍From “ETH is dead” → “ETH to $10K+” calls
📍Seen as the most hated rally turning into a regime change
TL;DR:
Institutional demand, real on-chain usage, and supply pressure are aligning for ETH’s first new ATH in nearly 4 years.
Not financial advice — but the ETH chart might be. 📈
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