Ethereum Price Approaches $4,700: What's Behind the Growth
Date: 2025-08-14 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
On August 13, 2025, the price of Ethereum continued to grow, closely approaching the $4,700 mark, but has not yet been able to overcome it. According to TradingView, at the time of writing, the coin was trading at $4,620 - above the previous day's closing level. Over the week, the asset has risen in price by 28%, which confirms the strong dynamics in the market.
The recent growth allowed Ethereum to reach its highest values since December 2021. One of the key factors, according to analysts, was the active inflow of capital into spot ETFs based on ETH. On August 11 alone, over $1 billion entered this segment, which strengthened the position of buyers and pushed the price up.
The increase in quotes caused a revival in the derivatives market. Open interest in Ethereum futures reached $30.15 billion by August 13. This indicates a significant volume of active positions of traders focused on further price fluctuations. However, if the price drops to $4,143, liquidations on long positions may amount to $6.42 billion, which creates certain risks for market participants.
The ratio of long and short positions, according to CoinGlass, is 0.89, which indicates the prevalence of moderately bearish sentiment among traders. Despite this, some market participants are confident that Ethereum will be able to overcome $4,700 in the near future. If it consolidates above this level, the asset will have a chance to test the historical maximum in the region of $5,000, which will open the stage of searching for a new price level.
Experts note that further movement will depend not only on the dynamics of demand for ETFs, but also on the general state of the crypto market, the activity of institutional investors and the macroeconomic situation. In the meantime, Ethereum continues to be the center of attention for traders, and the approach to the round mark of $5,000 is heating up the interest of both retail participants and large players.
Thus, Ethereum is close to key resistance, and the coming days may become decisive for the formation of a further trend. A breakout of the $4,700 level may open the way to new historical peaks, while an unsuccessful attempt to consolidate higher will lead to profit taking and a probable correction.
