- Ethereum trades at $4,689.59, within 6.4% of its record high, after gaining 9.34% in 24 hours and 29.27% in seven days.
- Santiment data shows retail traders selling during the rally, enabling larger holders to accumulate coins with minimal sentiment resistance in the market.
- Analyst Gert van Lagen projects Ethereum could reach $22,000 following a breakout from a four-year inverse Head and Shoulders pattern.
Ethereum is nearing its all-time highs as it currently trades at around the mark of 4,689.59 amid the week, showing notable growth. In the last 24 hours, the market has increased by 9.34% and 29.27% in the last seven days.
Rising Prices Amid Retail Disbelief
Ethereum is now within 6.4% of its record $4,891 level from November 2021. Market data from Santiment shows retail traders have been selling into the rally despite the asset’s upward momentum. Historically, Ethereum’s price often trends opposite to retail trader sentiment.
In June and July 2025, periods of extreme greed preceded short-term corrections. However, the current market environment is marked by fear, uncertainty, and doubt among smaller traders. This sentiment shift has provided an opportunity for larger holders to accumulate coins from retail sellers.
According to Santiment, this buying from key stakeholders is meeting minimal sentiment resistance. With fewer psychological barriers, Ethereum could soon break above its previous peak and set new records.
Technical Breakout Suggests $22,000 Target
Analyst Gert van Lagen noted that Ethereum has broken out of a four-year inverse Head and Shoulders formation. This technical pattern now points toward a potential price target near $22,000.
Van Lagen described the move as the final stage of Ethereum’s 2019–2025 bull market, unfolding within a textbook expanding diagonal structure. Such formations are often associated with the latter stages of extended bullish cycles.
His projections also tie in the possible profits of Ethereum with that of Bitcoin. In case of the optimism of Bitcoin reaching the mark of approximately $370,000, he evaluates the potential of Ethereum going high having a ratio of 0.06 ETH/BTC, which should provide optimal conditions to meet the desired price point.
Heavy Trading Volume Supports Rally
Ethereum’s daily trading volume has surged to $61.92 billion, reflecting increased market participation. The rising activity comes as long-term holders step in to absorb coins sold by short-term participants.
This accumulation trend is shifting market control toward investors with larger positions and a longer investment horizon. Such transitions have historically preceded strong price continuation phases.
With sustained buying pressure from larger entities and minimal resistance from retail sentiment, Ethereum’s bullish momentum remains firmly in place. Current market conditions suggest the asset may be positioned for a decisive breakout above its historic high.
