Ethereum (ETH), the second-largest cryptocurrency by market capitalization, won $4,326 on Saturday, reaching its highest in a four-day rally fueled its best short short liquidation since December 2021.
Ethereum saw a breakout that exceeded $4,000 for the first time since Friday December 2024.
The second largest cryptocurrency traded at $4,190 at press, marking a profit of 20% per week. From the low of $1,383 from the low on April 9th to the high of $4,326 on Saturday, ETH prices will rise nearly 213%, flowing into investors’ spot exchange sales funds, increasing demand from companies accumulating ETH on their balance sheets.
Over $6.7 billion has been poured into nine ether spot ETFs listed in the US to date. At the same time, Ethereum-centric treasury companies scooped up more than $12 billion in ETH.
Ethereum’s momentum coincides with the wider rotation within digital assets as founding investors and developers look beyond Bitcoin amid increasing adoption of stubcoin, tokenized real-world assets, and smart contract platform adoption.
Peter Brandt was surprised by Eth Rally
Veteran trader Peter Brandt, who was often an Ethereum critic, responded to the movement of ETH prices.
This is one of my favorite charts right now pic.twitter.com/nuunroea8u
-Peter Brandt (@peterlbrandt) August 9, 2025
Blunt previously confessed that he doesn’t like not to say good things about Ethereum normally.
In a recent tweet, Brandt wrote, “This is one of my favorite charts,” accompanied by the Ethusd Weekly Chart. This is a statement that implies that commodity traders may be easing his stance on ETH.
Ethereum’s latest profits may not be a big surprise to legendary traders. In May, Brandt pointed to a large crowd zone on its monthly chart that could support Moonshot.
