TL; DR
- ETH breached its $4,300 mark over the weekend, headed for $5,000.
- Crypto debanking still happening in the US, despite Trump’s pro crypto stance
- An unidentified firm brought $1 million worth of $ETH in one week.
ETH Reaching Its All Time High Soon
ETH crossed its $4,311 mark on 8th August and continued to hold support at $4,200 – $4,300. According to Coinmarketcap, Ethereum’s price spike triggered algorithmic buying. The MACD histogram widened to +29.2, indicating bullish divergence, while the RSI(7) reached 77.92, reflecting robust upward momentum.
On August 9, 2025, Spot Ethereum ETFs recorded $461 million in inflows, the largest single-day amount since July, with BlackRock’s IBIT accounting for 55% of the total. Corporate treasuries, such as SharpLink Gaming, added 52,809 ETH ($225 million) to their holdings this week.
Crypto DeBanking Still A Risk In The US
Unicoin CEO believes that banks are still closing accounts of crypto firms as part of Operation Chokepoint. Despite the US having a crypto president, the country has a long way to go if they want to be a crypto leader of the world. Trump has recently passed a stablecoin bill to block the federal; agency from making a CBDC. Besides this, his administration has also laid out a regulatory course for the SEC.
Crypto firms have been facing banking issues as these organizations have been stating derisking as the reason. Alex Rampell, partner of Andreessen Horowitz, stated that banks have been charging more to crypto firms for accessing their data and making transactions.
Alex Konanykhin, CEO of Unicoin, told Cointelegraph that Unicoin and its subsidiaries have been debanked in the past. He also called out the banks who have been cutting ties with crypto clients. The banks: Citibank, Chase, Wells Fargo, City National Bank of Florida and TD Bank.
Unknown Org Has Brought $1 Billion Worth of ETH
An unidentified entity has aggressively accumulated 221,166 ETH, worth over $212 million in the past 24 hours, using six wallets with holdings ranging from $128 million to $181 million. The buying spree coincides with a 21% rally in Ether’s price, pushing its market cap to $523 billion, surpassing Mastercard’s $519 billion.
Publicly traded companies, led by BitMine Immersion Technologies ($900 million) and SharpLink Gaming ($303 million), added over 304,000 ETH ($1.3 billion) to their treasuries last week. Ether addresses holding over 10,000 ETH hit a yearly high of 868,886.
Analysts are bullish, with some predicting ETH could reach $20,000 in six to eight months, though Vitalik Buterin warns against overleveraging, which could harm the asset.
