Ethereum Soars to $4.700 Today as Market Cap Tops Netflix and Mastercard!

Jakarta, Pintu News – According to CoinSpeaker (13/8), the market capitalization of Ethereum (ETH) reached a record high of $570 billion on Wednesday, August 13, surpassing mega-cap stocks such as Netflix and Mastercard.

As of August 13, Netflix’s market value stood at $518.4 billion, while Mastercard’s was $521.9 billion.

Then, how is Ethereum’s current price movement?

Ethereum Price Up 2.04% in 24 Hours

On August 14, 2025, Ethereum traded at approximately $4,762, or around IDR 76,877,643, marking a 2.04% gain over the past 24 hours. During this period, ETH hit a low of IDR 74,949,678 and climbed to a high of IDR 77,214,292.

At the time of writing, data from CoinMarketCap shows that Ethereum’s market capitalization stands at around $575.24 billion, with daily trading volume rising 9% to $62.75 billion in the last 24 hours.

Read also: Bitcoin Hits $123K, Reaching a New All-Time High Amid Rate Cut Speculation!

Why is Ethereum Price Rising?

Citing a CoinSpeaker report, Ethereum’s rise in recent days was driven by rapid inflows on the Ethereum spot ETF and a wave of buying by corporate cash from companies such as BitMine, Fundamental Global, and Sharplink Gaming over the past month.

One of the strongest on-chain indicators is Average Transaction Size, which is the average dollar value moved per on-chain transaction. According to IntoTheBlock, Ethereum’s average transaction size dropped to just $2,555 on July 6.

The latest data on August 12 shows this figure jumped 430% to $15,845 per transaction.

This kind of spike is considered positive for ETH, as it shows that retail traders are increasing their bets amid massive whale buying in recent weeks.

With the announcement of additional ETH corporate cash fundraising this week, speculative traders are likely to get more aggressive in placing bullish bets to capitalize on the positive impact of the upcoming inflows.

In this scenario, continued growth in the average transaction size could accelerate ETH’s path towards finding a new price above the record high of $4,891.

Ethereum Price Prediction: Bulls Target $5,000

From a technical perspective, ETH’s rejection at $4,734 occurred when it reached the upper Bollinger Band resistance around $4,758.

Read also: Whale and Public Companies Buy Ethereum – Will ETH Reach $7,000 Level?

A close above this level could open the door to the $5,000 psychological target, which is in line with the next psychological resistance level.

The RSI index is at 79.27, signaling overbought conditions, suggesting strong momentum, but also increasing the risk of short-term profit-taking. The midline Bollinger Band at $3,889 serves as a key support level; if it breaks below it, the bullish structure will weaken.

If Ethereum’s price rally continues, a daily close above $4,758 could push ETH towards the $5,000 breakout target. On the other hand, failing to defend the $4,578 level (Bollinger median) could potentially trigger a drop towards $4,000 before the bulls regain strength.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinSpeaker. Ethereum Overtakes Netflix Valuation as ETH Price Approaches $4,890 All-Time High. Accessed on August 14, 2025