Ethereum Price Forecast: Will it Reach $5K in August? ETH is closing in on $4K.
Ethereum (ETH) and the majority of the cryptocurrency market experienced losses as August approached. Nevertheless, cryptocurrencies are rebounding and reversing the decline in the second week of the month.
As purchasing pressure increases, Ethereum is currently only $100 away from hitting $4,000 after breaking through important resistance levels today. Let’s examine the factors that are contributing to Ethereum’s price increase, its prospects for a $5,000 surge, and what lies ahead for the biggest altcoin this month.
Aggressive Institutional and Whale Purchases Fuel Ethereum’s Surge
When Ethereum hit $3,936 on July 28th, it retested one of its most difficult resistance levels in history. After failing to rise beyond $4,000, ETH fell to $3,729 by August 1st and then to $3,385 shortly thereafter. Panic selling followed the abrupt change in momentum, but Ethereum soon stabilized as big investors bought the drop.
According to Lookonchain, over the last four days, a sizable buyer—likely an institution—accumulated $667 million worth of Ethereum. The smart money trackers also pointed out that SharpLinkGaming increased their holdings of Ethereum to 543,898 by investing an additional $85.46 million.
During last week’s decline, a whale who sold $19.81 million worth of Ethereum chose to reinvest. Even though the price difference was 6.36%, the whale nevertheless purchased 3,358 ETH, which is worth $12.85 million.
The enormous adoption rates drove ETH’s price entry on August 7th at $3,671. It entered August 8th trading just below $3,900 after swiftly breaking through the barrier at the $3,700 level. Since ETH is already within range of its July peak, it is probably going to retest the $4,000 mark this year.
According to cryptocurrency analyst Satoshi Stacker, a close above $4,000 is essential for Ethereum’s continued expansion.
He emphasized that Ethereum had made six unsuccessful attempts to break over this hurdle in the previous four and a half years. Its failure to hold above $4,000 each time led to a 30–75% decline right after.
Ethereum may reach a new all-time high (ATH) if it is able to break through $4,000. This implies that it might go above $4,891 this month and possibly hit $5,000 for the first time.
The cryptocurrency has not yet reached overbought area, according to its Relative Strength Index (RSI) of 66.12. This indicates that a spike that would push Ethereum over the crucial obstacle is still possible. By rising from its current $3,900 to $5,000, ETH would have gained 28% and would have sparked an altcoin boom.
This environment has put a spotlight on one such Ethereum-based meme coin presale that’s already attracting fast-growing investor interest.
TOKEN6900’s Presale Moves Past $1.7M – Best Altcoin to Buy for 100x Gains?
Now that the market is feeling optimistic due to Ethereum’s surge, investors are focusing on the TOKEN6900 (T6900) presale.
As a community-driven counter to contemporary tendencies, T6900 is an ERC20 meme coin in the strictest sense of the word. It is unabashedly straightforward and doesn’t make any promises it can’t keep, in contrast to the majority of recent presales.
With pixel art and lighthearted comedy, the presale website with a 2000s motif appeals to nostalgia. Additionally, it emphasizes that TOKEN6900 only plans to print memes, even while the Federal Reserve creates “cartoon money.”
This type of strategy is not new; the anti-establishment narrative was already employed by the SPX6900 (SPX) meme coin to attract a sizable following. But since its launch, SPX has already produced returns of more than 67,000,000%, and it now has a $1.6 billion market capitalization.
With Ethereum’s surge increasing interest in altcoins and 34.24% of its hard cap already raised, TOKEN6900 might not remain on presale for long. Traders have a short window of opportunity to sign up before it launches on exchanges.
TOKEN6900 is positioned to be one of the most popular meme coin releases of 2025 if SPX6900’s trajectory and its quickly expanding community are any indication.
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