TLDR
- Ethereum price surged to $4,693, nearing its all-time high of $4,891 with a 9% increase in 24 hours.
- Analyst Gert van Lagen expects Ethereum’s price to reach $22,000 based on its long-term inverse head-and-shoulders pattern.
- Ethereum price broke past the $4,659 resistance level, which is expected to act as a key support for further gains.
- Cathie Wood, CEO of ARK Invest, remains bullish on Ethereum, believing it will become the institutional protocol of choice.
- Institutional interest in Ethereum is growing, with Bitmine and ARK Invest both increasing their exposure to the cryptocurrency.
Ethereum price has surged to $4,693 on August 13, nearing its all-time high of $4,891. With a 9% increase in the last 24 hours, Ethereum’s momentum shows no signs of slowing down. Analysts and prominent investors like Cathie Wood continue to show confidence in Ethereum, fueling the belief that the price may reach as high as $22,000 in the future.
Ethereum Price Breaks $4,659 Resistance Level
Ethereum’s price continues to surge, approaching its all-time high of $4,891, just 4% away from reaching this milestone. Analyst Gert van Lagen points out that Ethereum’s recent price action aligns with a long-term inverse head-and-shoulders pattern. Given the bullish trend, Lagen suggests that the price may not stop at $4,891.
Ethereum price has been on a steady upward trajectory, confirming its breakout above the $4,659 resistance level. This price level is expected to serve as a support in the coming weeks, further fueling expectations of continued gains. Once this support is established, Ethereum could see a sustained rally towards new highs.
Lagen’s analysis suggests that Ethereum’s price could reach $22,000. The target is based on the significant drop from $4,659 to the head of the inverse head-and-shoulders pattern. If the price continues to follow this pattern, reaching $22,000 may be a plausible outcome in the long term.
Cathie Wood and Institutional Support Fuel Ethereum Price Surge
Cathie Wood, CEO of ARK Invest, remains a vocal proponent of Ethereum. She recently reiterated her bullish stance, claiming that Ethereum is poised to become “the institutional protocol.” She also mentioned that ARK Invest’s Ethereum ETF has seen strong interest since its launch, signaling growing institutional confidence in the cryptocurrency.
🔥 CATHIE WOOD IS ALL IN ON ETH 🔥
On CoinDesk today, Cathie Wood laid out why Ethereum is becoming the institutional protocol:
– Coinbase L2 = Ethereum
– Robinhood L2 = Ethereum
– Stablecoin boom is mostly happening on Ethereum
– $ETH treasuries offer utility and staking unlike… pic.twitter.com/RK2Idb43Od— Crypto-Gucci.eth ᵍᵐ🦇🔊 (@CryptoGucci) August 12, 2025
Alongside ARK Invest, other institutional players are also increasing their exposure to Ethereum. Bitmine, under the leadership of Ethereum bull Tom Lee, is making a strategic push to add more ETH to its treasury. This institutional interest is fueling optimism around Ethereum’s long-term prospects.
Ethereum price is drawing attention not only from retail investors but also from large institutions. As more players enter the market, the price of Ethereum could continue its upward momentum. If this trend persists, the target of $22,000 might not be far off.
Strong Institutional Backing Could Drive Future Gains
Ethereum’s price surge is supported by strong institutional interest, with firms like ARK Invest and Bitmine betting on Ethereum’s future. This growing demand could push Ethereum’s price higher in the coming months. Analysts remain bullish, expecting the Ethereum price to reach $22,000 if current trends continue.
Ethereum price is showing strength, breaking key resistance levels and attracting institutional investments. This momentum, combined with positive technical indicators, suggests that further gains could be on the horizon.