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Ethereum Soars 7% to $4,200—Highest Since 2021—as Analysts Predict Next Big Move

Ethereum Soars 7% to $4,200—Highest Since 2021—as Analysts Predict Next Big Move

Author:
Coindesk
Published:
2025-08-09 09:02:51
10
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ETH Jumps 7% to $4,200, Highest Since December 2021, as Analysts Forecast What’s Next

Ethereum just blasted past resistance levels like a DeFi yield farmer chasing the next hot token. The $4,200 price tag marks ETH's highest valuation since December 2021—back when your NFT portfolio still had hope.

Why the sudden surge?

Traders are piling in ahead of the next protocol upgrade, betting that institutional money will finally stop pretending to 'wait for regulation.' Meanwhile, Bitcoin maximalists are quietly recalculating their 'flippening' timelines.

What's next?

Technical analysts point to clear skies until $4,500, though some whisper about overleveraged longs ready to liquidate faster than a Celsius withdrawal. And let's be real—Wall Street will pump this rally until their quarterly reports drop, then suddenly remember 'risk management.'

One thing's certain: the crypto rollercoaster just got a fresh tank of rocket fuel. Buckle up.

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