Ethereum Nears $4,700

🔷On August 13, 2025, Ethereum continued its steady climb, approaching the key $4,700 level. At the time of publication, the asset was trading at $4,620 — 28% higher than a week ago. The rally has been fueled by capital inflows into spot ETFs, which on August 11 exceeded $1 billion in a single day, as well as growing trader interest in futures contracts.
🔷Open interest in ETH has reached a record $30.15 billion, though market sentiment remains cautious: the long-to-short ratio stands at 0.89, indicating a prevalence of bearish positioning. Some analysts predict that a breakout above $4,700 could pave the way toward the all-time high of $5,000, after which the asset may enter a phase of searching for a new price range.