Ethereum (ETH) Surges 54.83% in July – Can Bulls Smash $5K Before August Ends?

Ethereum's rocket ride isn't cooling off. After a blistering 54.83% monthly gain, traders are betting this isn't even the altcoin's final form.

Target locked: $5K

The second-largest crypto by market cap flipped resistance into confetti last month. Now, ETH's grinding higher with that psychological $5,000 level in its crosshairs. No fancy derivatives math here—just old-fashioned greed and a trail of liquidated shorts.

Will August deliver the knockout punch?

Institutional flows? Check. Layer-2 adoption? Check. A DeFi ecosystem that somehow still runs on $20 gas fees? Unfortunately, yes. The pieces are there—but as any crypto vet knows, markets love to yank the rug right when the crowd gets comfortable. (Bonus jab: Wall Street analysts still can't decide if ETH is 'ultrasound money' or just an unregistered security with better marketing.)

Ethereum: The Latest Star of the Market

Ethereum is currently leading the crypto market evolution as of now. Per the latest CoinMarketCap data, ETH is currently trading at $3861, up 57% in the last month. The token has gained a tremendous leap, breaking away from resistance prevalent at various $2K+ price levels.

$ETH went up 55% in July.

This has been by far its best monthly performance in 3 years. pic.twitter.com/YshIhHDYam

Moreover, ethereum is leveraging current market momentum, which is set to reshape its identity for the newer dimensions. ETH is currently surging high on speculations that the budding stablecoin system, backed by the US, may end up leveraging Ethereum to build a robust stablecoin domain and infrastructure.

Per expert Ted Zhang, such speculative headwinds have started to show effect, with ETH eyeing a new high of $4100 in the process.

I just can't get over this Ethereum weekly chart that really extends back 4 years. With the stablecoin tailwinds, a fat pitch is coming over 4100. pic.twitter.com/EE6C2l9Qyl

In addition to this, Ethereum’s solid repute as a blockchain hosting the majority of stablecoins is also driving a new narrative, helping ETH surge in the process.

Furthermore, ETH is currently a major highlight for several institutions such as Ark Invest and SharpLink Gaming, a narrative that is helping ETH gain credible speed in the process.

Celebrating 10 years of Ethereum!

Stablecoins are the killer app for crypto and @Ethereum is the home of stablecoins.

The Ethereum ecosystem hosts almost 57% of stablecoin supply and settles over 60% of all transaction volume.

Here's to 10 more. pic.twitter.com/swrtv5xwqw

Is $5000 A Possibility For The Token In August?

As per CoinCodex’s ETH Data, the token may surge as high as $4200 by the end of August 2025.

However, by October 2025, ETH may end up surging to hit the $6K price mark in the process.