On August 9, Ethereum (ETH) did what it hadn’t accomplished since final December: it breached the $4,000 mark and has held regular above $ 4,100. Nonetheless, does the case current for it to be the very best crypto to purchase now?
It climbed 6.38% all through the day and at one level reached $4332, earlier than sliding right down to $4208, the place it’s at the moment buying and selling
What’s extra, some crypto analysts are actually anticipating ETH to climb again to its November 2021 all-time excessive of $4,878, making it the very best crypto to purchase now, with crypto dealer Ted sharing on X {that a} breakout is imminent.
I advised you that the $ETH breakout is coming.
And it occurred precisely as predicted.
Ethereum has smashed by means of its resistance and is now heading greater.
It seems like a brand new ATH is only a matter of days now. pic.twitter.com/XCxetoP0Ku
— Ted (@TedPillows) August 9, 2025
Additional to this, CoinGlass’s knowledge reveals {that a} quick squeeze is perhaps up on the horizon since a transfer to the $4,500 mark will find yourself placing virtually $1.35 billion in brief positions in danger.
The momentum of institutional buy of the ETH has solely grown during the last couple of weeks, with Arkham noting on an X submit,” ETFs yesterday had whole flows of $461M for ETH however solely $404M for BTC.”
Furthermore, Farside’s knowledge during the last week highlights ETH inflows overshadowing BTC, with US spot-based ETH EFTs boasting $326.6 million in inflows in comparison with BTC’s $253.2 million
This has been a momentous flip of occasions for Ether’s founder, Vitalik Buterin, too. After a protracted stretch out of the highlight, he’s again, as soon as once more as an on-chain billionaire, a title he first earned at age 27 in Might 2021!
Discover: Greatest Meme Coin ICOs to Spend money on August 2025
Is BTC The Greatest Crypto To Purchase Now Regardless of ETH Momentum?
Bitcoin has climbed again above the 180k mark after closing at $115.95k on 9 August 2025, a slip of 0.48% after Friday’s 0.83%. To BTC’s credit score, it averted breaking beneath the $150k assist stage.
As seen during the last couple of days, BTC’s ETF influx trailed behind ETH, prompting a rotation to ETH regardless of BTC’s bullish technicals.
Technical indicators for the BTC/USD point out that the crypto king continues to be wanting bullish, crusing above the 50-day and 200-day EMAs. If the BTC manages to interrupt the $120k threshold once more, it stands the possibility to assault the $122k stage that it achieved on July 14 of this yr.
replace – btc has discovered assist
I think the final pump which does come is sort of quick to suck folks in
so perhaps 120k then drop again down a few okay then remaining pump https://t.co/vEiaXiA76O pic.twitter.com/0qqzNPzYbd
—
ax Worth (@Max1milianPrice) August 10, 2025
A sustained momentum above the $122k mark may carry ahead to to $130k mark.
There are a few key components that have an effect on BTC’s future bullish outlook, together with the CLARITY Act’s progress, the soon-to-be-made-public financial knowledge, together with the US CPI Report, Retail gross sales and Jobless claims.
Discover: High Solana Meme Cash to Purchase in August 2025
SNORT Presale Explodes Previous $3M As Telegram Bot Eyes Multi-Chain Domination
Issues are shifting loopy quick within the altcoin world now that ETH is itching to check its all-time excessive. As all eyes converge on altcoins, traders are looking for the following breakout alternative.
Amongst many, Snorter Bot (SNORT) stands out as a rising microcap contender, gaining traction as Q3 unfolds among the many hype that’s being generated for a euphoric This fall.
It’s contemporary out of a cool $3 million ICO milestone and is attracting loopy six-figure day by day inflows. However what’s it precisely?
Properly, SNORT is a brand new Telegram-based buying and selling bot constructed for Solana, boasting ultra-low charges and lightning-fast execution. Furthermore, in contrast to BONKbot and Trojan, that are Solana solely, Snorter Bot is multi-chain-ready since its launch and has plans to develop to Ethereum, BNB Sensible Chain, Base and extra.
Its buying and selling payment is aggressive at 0.85%, undercutting rivals like Maestro, Banana Gun and BONKbot.
Additionally, don’t neglect, for these trying to earn passively, SNORT is providing staking with a beneficiant 149% APY throughout its presale part!
Go to SNORT Right here
Is The Altcoin Season Right here But? Analyst Darkfost Thinks In any other case
Whereas the altcoins have been on a profitable spree currently, with main positive aspects made in ETH and XRP, analyst Darkfost argues {that a} true altcoin season hasn’t kicked in but.
He means that altcoins are nonetheless underperforming relative to Bitcoin.
The altseason hasn’t actually began but.
this chart evaluating BTC, giant caps (high 20), and mid/small caps, we’re at the moment seeing the weakest altcoin efficiency of this cycle.
The strongest transfer, which appeared extra like a "true" altseason, occurred in early 2024… pic.twitter.com/pS3AFrwZTJ
— Darkfost (@Darkfost_Coc) August 8, 2025
Utilizing shifting common comparisons, Darkfost demonstrates that Bitcoin’s market cap development has continued to outpace each large-cap and mid-to-small-cap altcoins.
He acknowledged that the final true altcoin season, the place altcoins outperformed BTC, was in early 2024.
In line with Darkfost, the present altcoin momentum continues to be weak, which means capital rotation from Bitcoin to altcoins hasn’t totally materialised but and that that is only a warm-up part.
(Worth Schart)
The altcoin market cap sits above $1.55 trillion, up 12% previously week, however nonetheless trailing behind BTC’s dominance.
Discover: 10+ Crypto Tokens That Can Hit 1000x in 2025
High Crypto Performers This Week
The crypto market closed this week with its whole market capitalisation briefly surpassing the $4 trillion mark, its second time in two weeks.
ETH is clearly the winner this week, gaining by greater than 21% to shut roughly at $4215, poised to retest its all-time excessive of $4878. On the identical time, the overzealous ones see the altcoin reaching $10,000 earlier than the top of this yr.
Whereas we bask within the glory of ETH and its return to type, let’s not neglect that Chainlink (LINK) led positive aspects among the many first 20 digital belongings, surging 36.6% over the week.
It climbed to a excessive of $21.22 earlier than easing barely to $21.14 on 7 August, marking its break in regards to the haloed $20 mark for the primary time since February this yr.
(LINK Worth Chart)
Different standout performers of this week embody Dogecoin(DOGE), which jumped over 24% whereas Stellar (XLM) gained 20.4%. HYPE adopted with a 17.3% rise.
Nonetheless, extra dramatic strikes got here from lesser-known tokens such because the MYX, which skyrocketed by a staggering 1,439%, topping Coingecko’s leaderboard, with TROLL and SOON trailing behind at 273.2% and 159% respectively.
Discover: High 20 Crypto to Purchase in August 2025
The submit BTC Holds Regular Above $17K, ETH Tops $4.2K, Anticipates New ATH: Greatest Crypto To Purchase appeared first on 99Bitcoins.
