Ethereum (ETH) has left many in awe after it hit $4,000 price level. This is the first time in eight months that the second-largest cryptocurrency by market capitalization has come this far. However, the price rally coincides with increasing Ethereum traction amongst institutional clients. Ethereum Price Performance Nears Dec. 16 Level On Friday, the broader crypto market saw the price of ETH climb to $4,000 for the first time in eight months. For perspective, the second-largest cryptocurrency by market cap traded above $4,000 on December 16 and hit a peak of $4,107. Fast forward to the present day, it has gone as far as hitting $4,013.67 on American crypto exchange Coinbase. At press time, the leading altcoin has seen some slight correction, losing only a fraction of its recent gain. Per CoinMarketCap, ETH price is currently at $3,967.27, corresponding with a 3.61% increase within the last 24 hours. This digital asset has also gone 10.23% higher over the last 7 days. It made a more outstanding performance in the last 30 days, with more than a 48% rally in price gains. Other Key Metrics Signal a Bullish Breakout The market cap of the coin has reached $478.15 billion, further repositioning the coin in the second position. Moreso, it is clear that it is gradually nearing the key $500 billion market capitalization. In terms of its 24-hour trading volume, Ethereum has a 27.21% surge and is now at $42.53 billion. On August 5, 2025, the Ethereum blockchain handled 1.74 million daily transactions , based on a 7-day average. At this level, it beat its old record of 1.65 million from May 2021. From all indications, ETH may have successfully come out of a gloomy season. It equally suggests that more people are using the Ethereum network. SharpLink Gaming and Others Accumulate Ethereum There has been a plethora of companies expanding their corporate treasuries to include Ethereum. SharpLink Gaming, which is backed by Consensys co-founder Joseph Lubin, increased its Ethereum holdings by nearly 80,000 ETH. Altogether, this addition brings the company’s total Ethereum holdings to 360,807 ETH, marking a 29% increase from the past week. Ether Machine is also building its Ethereum reserves at a fast rate. In the long run, this platform plans to contest SharpLink Gaming’s Ethereum position. The post Ethereum Pushes Above $4,000 for The First Time In 2025 appeared first on TheCoinrise.com .
