Ethereum (ETH) has surged past the $4,000 mark for the first time in months, driven by a wave of whale accumulation, strong technical signals, and anticipation of upcoming network upgrades.
The rally comes as large holders purchased over 1.8 million ETH in the past month, signaling growing confidence ahead of key bullish catalysts.
Whale Accumulation Signals Confidence
According to blockchain analytics, wallets holding between 10,000 and 100,000 ETH have added more than 1.8 million coins to their balances in the last 30 days. This aggressive buying spree often precedes significant price moves, as seen in previous Ethereum rallies.
Whales bought more than 1.80 million Ethereum $ETH in the past month! pic.twitter.com/IxoXPwaxmk
— Ali (@ali_charts) August 8, 2025
- Key driver: Whale wallets up by 1.8M ETH in 30 days
- Market sentiment: Technical indicators show a “Strong Buy” rating on major trading platforms
$6,400 in Sight if $4,000 Break Holds
Technical analyst Ali Martinez noted that if Ethereum holds above $4,000, the next major target could be $6,400, which has acted as a key resistance level in past cycles. Current market data shows:
- Moving averages: Strong bullish momentum
- RSI: Hovering near 72, suggesting slight overbought conditions but room for growth
- MACD: Positive crossover, indicating sustained upward pressure
Fusaka Upgrade Could Be a Game-Changer
Ethereum’s upcoming Fusaka upgrade, scheduled for November 2025, will raise gas limits to 150 million and introduce parallel EVM processing. This will enable faster transactions and lower fees, addressing long-standing scalability concerns.
Why it matters:
Historical upgrades, such as The Merge in 2022, were followed by 30–50% rallies. Improved efficiency could attract more dApp developers, institutional users, and boost ETH demand.
Staking ETF Decision Could Spark Supply Shock
The U.S. SEC is reviewing proposals from BlackRock and VanEck to allow ETH staking within ETFs. If approved, institutional holders could earn 3–4% APY on staked ETH, potentially locking up over 30% of the circulating supply.
Analysts predict:
- Approval impact: ETH could retest $4,800 quickly
- Delay risk: Temporary pullback possible before next leg up
Short-Term and Long-Term Price Outlook
- Short-term: If ETH sustains above $4,000, a push toward $4,400–$4,600 is possible within weeks.
- Long-term: A break above $4,800 could open the door to $6,000–$6,400, particularly if the Fusaka upgrade and ETF approvals align with bullish market sentiment.
The 1-day technical analysis from TradingView shows a bullish picture – the summary and moving averages point to “strong buy” with 15 and 14 signals, respectively.
If this surge holds, Ethereum could be entering a new phase of the bull market — with the combination of whale buying, upcoming upgrades, and potential ETF approval setting the stage for a breakout toward new all-time highs.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/ethereum-latest-news-price-hits-4000-as-whales-accumulate/