Ethereum News Today: ETH Price Eyes $5,000 as Rally Pattern Repeats

Ethereum Price Today: Is ETH About to Repeat Its Tariff-Crash Rally?

The Ethereum price is trading near $2,437 today, up 3.32% over the past 24 hours. That move has pushed Ethereum news back to the top of crypto headlines.

This latest Ethereum price prediction talk comes from chart watchers who say the ETH price is tracing the same pattern it drew during the tariff-driven crash earlier this year. Back then, Ethereum bottomed out and rallied roughly 250% off the lows.

Now a similar setup appears to be forming. If the pattern plays out the same way, some traders following eth news think $5,000 Ethereum could be within reach.

That is not a promise. It is a chart comparison, and charts do not always repeat. Let’s discuss the ETH price prediction.

What Is Driving the Ethereum Price Today?

A few things are lining up at once in the latest ETH news.

First, Ethereum's derivatives market is heating up. Open interest sits at $31.48 billion, up 1.24%. Futures volume jumped 27.04% to $103.54 billion in 24 hours.

Options volume also rose 2.29% to $2.66 billion, while options open interest slipped 0.94% to $7.29 billion. The 24-hour long/short ratio sits at 1.0178, showing a fairly even split between bulls and bears.

Second, short sellers got hit hard across multiple timeframes. In the last hour alone, $108.05 million was liquidated, with $98.91 million of that from longs and just $9.14 million from shorts.

Over four hours, liquidations reached $120.15 million, and over 12 hours they climbed to $237.85 million.

Over the full 24-hour period, $412.93 million in ETH positions were liquidated. Of that, $247.20 million came from shorts, more than the $165.73 million wiped from longs.

That tells a simple story. Traders betting against the ETH price got squeezed as it moved up.

Ethereum Whale Activity: Latest Ethereum News on Big Holders

Here is where the latest Ethereum news gets interesting.

Wallets holding more than 1,000 ETH have been shrinking for three months. Between May 20 and August 20, this group let go of about 1.7 million ETH, near 2.9% of their total holdings.

Meanwhile, smaller wallets holding 1 to 10 ETH grew their share of supply, moving from 4.38% to 4.52% over the same window. That group added coins on 65 days and only sold on 27.

So where did the whale coins go? Only about 300,000 ETH can be traced into smaller wallets. The rest likely moved into staking contracts or bridges, not necessarily exchanges for selling.

ETH held on exchanges actually fell during this stretch, from about 7.07 million coins to 6.54 million. Fewer coins sitting on exchanges usually points to lower near-term sell pressure.

Did Coinbase Really Sell Its Ethereum? Latest ETH News Explained

Base creator Jesse Pollak pushed back this week against claims that Coinbase has been dumping ETH, adding to the week's ETH news cycle.

Pollak said Coinbase is the largest non-DAT holder of Ethereum by a wide margin, and one of the network's biggest customers through its Base network. He noted Coinbase has held around 150,000 ETH for years, through multiple market cycles.

Ethereum Foundation member chaskin.eth backed that view, pointing to Coinbase's role in building Base, USDC, cbBTC, EIP-4844, ERC-4337 smart wallets, and the x402 payments protocol.

Both argued the criticism toward Coinbase misses the bigger picture, and Pollak urged the Ethereum community to stop moralizing its customers.

Ethereum ETF Inflows: Is Institutional Money Coming Back to ETH Price?

Spot Ethereum ETFs have posted strong inflows in recent sessions, based on SoSoValue data, another sign the Ethereum price trend is drawing fresh attention.

Over the last five trading days, net inflows reached $697.17 million. That is a meaningful pickup in institutional demand.

Separately, BlackRock reportedly bought 132,769 ETH worth about $316 million over a two-day span, alongside 11,098 BTC worth $852 million.

Ethereum ETH Price Prediction: What Are Analysts Saying?

Arthur Hayes, speaking on Laura Shin's podcast, called Ethereum one of the most disliked large-cap altcoins in the market, despite it still sitting below its 2021 all-time high.

Hayes said ETH remains his largest position at Maelstrom outside of Bitcoin. He argued the coin has "significant catch-up upside" since it has lagged this cycle, and said a break above $3,000 could open the door toward $5,000.

Separately, trader Ted Pillows compared Ethereum's current chart structure to Bitcoin's setup in its last cycle. His chart shows Bitcoin gaining about 716% off its cycle low, while Ethereum's current move is up around 477% from its own low.

Pillows argues that if ETH keeps tracking that Bitcoin-style path, it could trade between $10,000 and $12,000 by 2029. That is a long-term, speculative view, not a forecast anyone can guarantee.

Ethereum News: Sentiment Turned Negative Right Before the ETH Price Bounce

Crowd sentiment around the ETH price hit a three-month low on August 17, based on weighted sentiment data. Two days later, ETH was up about 17%.

A single large whale-dump signal fired on August 18 near $7.55 million, a notable drop from the five similar events seen in each of the two prior weeks. ETH held on exchanges also bottomed near 6.54 million coins that same day.

Around the same time, the US Treasury expanded long-end bond buybacks. That macro shift, combined with a record wave of short liquidations, helped push Bitcoin up about 7% on the same day, with Ethereum following.

Negative sentiment did not cause the rally on its own. But it did leave a large pile of short positions exposed when the move started.

Ethereum Price Prediction: Key ETH Price Levels to Watch

• Support: Near recent exchange-outflow lows around $2,300 to $2,400

• Resistance: The psychological $3,000 mark, viewed by Hayes as a key breakout trigger

• Upside target: $5,000 if the tariff-crash pattern repeats

• Long-term speculative target: $10,000 to $12,000 by 2029, based on Bitcoin cycle comparison

These are technical and sentiment-based observations, not guarantees. Crypto markets are volatile and can move against any pattern at any time.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and carry significant risk. Past performance and chart patterns do not guarantee future results. Always conduct your own research and consult a licensed financial advisor before making investment decisions.