Ethereum (ETH) has surpassed the $4,000 price mark, reaching approximately $4,218.52 as of August 10, 2025. This significant milestone represents an 180% recovery from its May 2025 lows of $1,500. The upward momentum is attributed to increased institutional adoption, growing regulatory clarity, and key technological advancements. The approval of spot Ethereum ETFs in 2024 and the SEC's subsequent approval of in-kind creations for these ETFs in July 2025 have been pivotal in attracting substantial institutional capital. By mid-2025, these ETFs had amassed $3.5 billion in assets under management.
The mid-2025 "Pectra" upgrade, which went live on May 7, 2025, has enhanced the network's scalability and efficiency by bundling 11 Ethereum Improvement Proposals (EIPs). Notable inclusions are EIP-7702 for smarter wallet capabilities and EIP-7251, which increases the maximum effective validator balance to 2,048 ETH. Market analysts are observing this ascent, noting Ethereum is approaching a historical resistance level around $4,400. Intraday trading saw highs of $4,315.79 and lows of $4,171.87. On-chain data shows a declining Exchange Supply Ratio (ESR) across most exchanges since 2022, indicating long-term holding. However, the ESR on Binance has been increasing since early 2025, reaching approximately 0.04, suggesting some holders are moving ETH onto the platform for potential short-term trading or other activities. This divergence highlights strong broader market confidence alongside specific exchange activity.