Ethereum, the second-biggest cryptocurrency in the world, surprised everyone with a sudden price rise. In just a few hours, the Ethereum Pump took place, bringing its price very close to the all-time high. This move has made traders and investors both excited and a little careful.
At the time of writing, the token trades at $4,687.66, up 6.79% in a day, with 24-hour trading volume surging 35.32% to $63.77 billion, according to the CoinMarketCap data.
With ETH USD price breakout now just a heartbeat away from its all-time high, the “man of the hour” has sent shockwaves across the digital asset world.
The recent pump wasn’t expected by most retail traders. For weeks, small investors had been selling into strength, expecting a pullback. Instead, this price surge is now just 6.4% away from the ETH ATH price of $4,891.
In the past, when small investors sold their tokens, big rallies often followed — and that’s what happened again. This quick jump in price has brought crypto news today back into the spotlight, with many wondering if a new record is coming soon. Right now, Ethereum is the clear “man of the hour” in the digital asset market.
Looking deeper, this is not just another price pump. Its on-chain activity has been steadily growing, with rising NFT trades, and higher DeFi usage.
Institutional interest has also surged: Cas Abbe, a well-known crypto analyst, recently posted on X that around $27 billion in funds could soon flow into ETH. This money is expected to come from public-listed companies. As a crypto analyst, I’ve noticed that this kind of activity usually gives Ethereum pumps a price boost.
According to Glassnode data, ETH futures open interest hit a record $35.5 billion, indicating that the stage is set for larger moves.
Ethereum price surge has jumped above $4,600, showing a strong breakout. The charts now show:
RSI above 79, suggesting overbought conditions but strong momentum
MACD bullish crossover, indicating rising strength
High trading volumes supporting the breakout
This is similar to past times when breaking big price levels led to even faster gains. But since the market is getting close to $4,900, prices may move up and down quickly.
Many traders are waiting for the next big move. If this altcoin crosses its all-time high, it could quickly reach $5,050–$5,200 in the short term.
In the longer run, some experts believe it might touch $5,500–$6,000, and top leaders like ERIC Trump think that even $8000 is possible if the rally follows the same pattern as before.
Part of the hope comes from updates to Ethereum Vitalik Buterin scaling plan, which are made to make transactions faster and cheaper. Now, everyone is watching the price of Bitcoin, the biggest cryptocurrency, to see if its next move will help confirm its all time high breakout.
Right now, the market sees the Ethereum pump as the “Man of the Hour”. Strong charts, solid growth, and more big investors buying have made traders excited. But in the past, big price jumps like this have also brought big ups and downs, so caution is still important.
The current surge looks exciting, but it’s smart to stay careful. If the token stays above $4,650–$4,700, it could reach new record levels. For now, everyone is watching the ETH ATH price to see if this rise becomes a big breakout .
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.