Ethereum News

Ether Soars to Four-Year High Weekly Close: Key Price Levels to Watch

by Crypto Hobby

Updated August 30, 2025

Golden arrow soaring upwards through clouds.

Ethereum (ETH) has achieved its highest weekly closing price in four years, reaching $4,475. This significant milestone, last seen in November 2021, signals strong bullish momentum, largely driven by substantial inflows into spot Ethereum Exchange-Traded Funds (ETFs) and robust network activity.

Key Takeaways

ETH price achieved its highest weekly close in four years at $4,475, propelled by ETF inflows and high network activity.
A crucial support zone for Ether is identified between $4,000 and $4,150.

ETF Inflows Fueling Ether's Rise

Spot Ethereum ETFs have witnessed massive inflows over the past month, with a record $1.02 billion recorded on August 11 alone. BlackRock's ETH ETF (ETHA) leads these inflows, now holding over $12.6 billion in ETH. According to Farside Investors, BlackRock accounts for more than half of all ETH ETF holdings, representing 58.03% of the total market share.

CoinShares reported that Ethereum continued to dominate capital inflows into exchange-traded products (ETPs) last week, with inflows totaling $2.9 billion, indicating strong institutional investor interest.

Network Activity and Corporate Demand

Demand for ETH is further supported by high network activity. Transaction volume reached a record 1.74 million daily transactions on August 5, according to Nansen. In July, over 46.67 million transactions were recorded, driven by stablecoin transfers, decentralized finance (DeFi), and layer 2 growth.

Additionally, corporate treasuries are contributing to buy pressure, with 69 entities holding $17.3 billion in ETH, representing 3.4% of the total supply.

Key Price Levels to Monitor

As ETH currently trades around $4,300, several key price levels are critical for traders and investors to watch. The immediate support zone is situated between $4,000 and $4,150. This area previously acted as strong resistance in 2021 and has now flipped to become a vital support level.

This support aligns with the 20-day exponential moving average (EMA) at $4,140. Glassnode's Cost Basis Distribution heatmap indicates that $4,150 is a key support level where approximately 341,000 ETH tokens were accumulated.

Analysts suggest that as long as the weekly close remains within the $4,000 to $4,250 region, dips can be viewed as consolidation. However, a weekly close below $4,150 could potentially trigger a more significant drop towards the $3,650–$3,750 range.

On the upside, a weekly close above $4,550 could confirm a breakout to new all-time highs, with potential targets set between $5,000 and $5,800. The sentiment remains bullish as long as the $4,150 level holds on a weekly basis.