Ethereum sets multi-year high, surpassing $4,300

09.08.2025

Ethereum (ETH) continues its upward momentum, reaching a new multi-year high by surpassing the $4,300 mark. This milestone is significant for the cryptocurrency market, as Ethereum has not traded at this level since December 2021. Over the past seven days, ETH’s value has risen by more than 20%, signaling strong renewed interest from investors in altcoins. Ethereum’s growth is largely supported by Bitcoin’s (BTC) strengthening position, as it continues to dominate the crypto market. At the same time, there is growing interest in DeFi applications and NFT platforms that use Ethereum as their primary medium of exchange. These factors have boosted liquidity in the Ethereum ecosystem and driven increased demand for its tokens. Analysts also highlight that the development of Layer 2 technologies on the Ethereum network, such as Arbitrum and Optimism, is greatly improving scalability and reducing transaction costs, making Ethereum even more attractive to users and investors. DeFi and NFT platforms built on Ethereum continue to expand, further supporting its price. However, experts caution that the current rally may be short-lived. Some believe that such rapid gains could lead to a correction and recommend that investors exercise caution, especially given global economic uncertainty. Thus, while Ethereum has reached a new record, questions remain regarding the long-term stability of such gains, and the cryptocurrency market as a whole continues to face external pressures.