Jakarta, Pintu News – Ethereum (ETH) price is currently showing its dominance as the strongest altcoin in the market.
Looking at the latest price performance, ETH is expected to hit a new local high soon. One market expert even predicts that ETH could reach a price target of $4,000.
In a post on X, market expert Peter Brandt shared a chart of ETH showing that the altcoin looks ready to surge.
Read also: Ethereum Hits $2,500 as Whale Snaps Up 1.29M ETH – Is a Surge to $4,000 Coming?
“All dogs have their day-woof woof $ETH,” Brandt wrote in his post. The statement compares Ethereum’s price trend to the recent craze for dog-themed memecoins.
In his chart, Brandt highlighted that ETH has experienced a breakout from the $2,498 level to $2,710 on the hourly chart.
In addition, Ethereum price has moved above the 200-day Moving Average (MA) on the daily chart, which signals a potential bullish rally ahead for ETH.
The 200-day MA often serves as a dynamic support or resistance level. Therefore, ETH’s success in breaking back through the 200 MA indicates that the price has passed the $2,500 resistance, which now has the potential to turn into support for further price movements.
Ethereum traders and investors are now looking forward to a more bullish rally, possibly towards the $4,000 level.
On June 11, the price of ETH rose by 8.9% to $2,739. Ethereum price also increased by 4.2% in a week and 10% in the past month.
Trading volume – an important indicator to gauge market interest – also showed an upward trend. Daily volume recorded an increase of more than 113% to $32 billion.
This data shows that investors are increasingly accumulating ETH while looking forward to the next price increase.
Several factors have been driving the optimistic sentiment in the Ethereum market. One of the main factors is the recent rally in the Ethereum Exchange-Traded Fund (ETF) market.
According to data from Farside Investors, the ETH ETF has consistently recorded inflows since May 22, 2025.
On June 9, nine spot ETH ETFs recorded total inflows of $52.7 million.
BlackRock’s ETF ETHA was the highest with inflows of $35.2 million. It was followed by Fidelity’s FETH with $12.9 million, and then Grayscale’s ETH with $4.6 million.
Another factor that has contributed to Ethereum’s price increase is the coin’s important role in the Decentralized Finance (DeFi) ecosystem.
Crypto expert Nik Tomaino emphasized that the Ethereum blockchain is becoming a trusted backbone in the DeFi world.
He argues that Ethereum is the main blockchain in DeFi because it excels at issuing stablecoins, providing decentralized exchange (DEX) platforms, and collateralized loans.
Interestingly, the market capitalization of stablecoins on Ethereum Layer-1 (L1) grew by 11% throughout 2025.
Read also: Is Bitcoin About to Crash? Legendary Trader Peter Brandt Sounds the Alarm!
As of mid-year, Ethereum L1 had processed more than 30 million stablecoin transactions, up from around 23 million transactions during the same period in 2024.
Ethereum’s large investors, known as whale investors, are providing an interesting dynamic to the crypto market right now.
Analytical data provider Lookonchain highlighted a large ETH transaction today. A whale with the wallet address GybhvU sold 31,968 SOL worth $5.16 million to buy 1,866 ETH.
This transaction shows that the whale expects Ethereum to outperform Solana (SOL) in the near future.
While ETH is increasingly gaining positive sentiment from financial institutions, Solana’s (SOL) momentum is showing signs of exhaustion. If the shift of funds from SOL to ETH continues, this could potentially push Ethereum’s price higher.
In addition, blockchain intelligence platform Arkham Intelligence identified a wallet associated with the company Consensys made a large purchase worth $320 million in ETH in just one transaction.
This increase in demand further strengthens Ethereum’s position and opens up a great opportunity for ETH to break the $4,000 level soon.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
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