Ethereum is at the top $ 4,600 as bitmine eyes $ 20b ETH Treasury

Ether prices have risen to their highest level for almost four years and tap $ 4,625 during Asian trade early on Wednesday morning.

It has continued to be active and is now no less than 54% in the past month and 27% in the past week. In the meantime, the final step has brought it at 5.3% of its 2021 all time high from $ 4,878, according to Coingecko.

The market capitalization of Ethereum is now $ 552 billion, which is 18th in terms of companies and around $ 100 billion under credit giant visa.

Bitmine plan $ 20b increased

Crypto analysts predict a parabolic movement for Ether, which could push prices in five digits this market cycle.

Graphics patterns reflect the market cycle of 2016/2017 when “Pure Retail Mania” awarded profit, observed analyst “Merlin the Trader”, who added, this time it is Retail Plus Wall Street Plus “not to stop worldwide adoption”.

Ethereum has the Playbook 2016–2017.

Last time: Pure Retail Mania.
This time: Retail + Wall Street + unstoppable global acceptance.

When $ ETH Breaks, it won’t wait.
Be in … or be liquidity. pic.twitter.com/ux89fczia00

– Merlin the Trader (@Merlijntrader) August 12, 2025

Momentum is driven by Ethereum Treasury companies, and the world’s largest, Bitmine Immersion Technologies, just has submitted A prospectus with the SEC to pick up an extra $ 20 billion by the turnover of ordinary shares.

Prior to this update, the Tom Lee company reported that it had already completed the turnover under the program of a total of around $ 4.5 billion.

Bitmine, which already has nearly 1.2 million ETH worth around $ 5.3 billion, is expected to channel the revenue in more ETH accumulation.

$ 20 billion would be equal to more than 4 million ETH at the current market prices. Analysts have already done that set To say that $ 15,000 per ETH “is already programmed”.

Ether ETFS on fire

This immense buying pressure is only matched by spot -ether ETFs, because the retail trade is largely absent in this rally.

ETH ETFs saw a massive inflow day on Monday after their record of $ 1 billion inflow, driven by BlackRock’s record of $ 640 million inflow.

Tuesday saw another $ 523 million inflow and the fifth best day since the launched products. About $ 2.3 billion the products has been introduced in the past five trading days.

“Since the beginning of July, Spot ETFs have achieved almost $ 1.5 billion more than Spot BTC ETFs,” industrial expert Nate Geraci noted, who added that this was a “remarkable shift”.

Another half buttock in spot ETFS …

5th best day since the launch.

Now $ 2.3 billion over the last 5 trading days.

Since the beginning of July, Spot ETFs have achieved nearly $ 1.5 billion more than Spot BTC ETFs.

Remarkable shift.

– Nate Geraci (@Nateraci) August 13, 2025