Ethereum Hits $4,300 — Is $5,000 the Next Target?

Jakarta, Pintu News – September once again lived up to its reputation as one of the bearish months for crypto markets, and this year Ethereum (ETH) took center stage.

With spot, futures, and on-chain activity hitting new highs, ETH is showing signs of increased investor interest as well as staying power.

Now, the spotlight is on whether Ethereum can finally break the $5,000 level.

Ethereum Price Up 1.43% in 24 Hours

On September 11, 2025, Ethereum was trading at around $4,378 (approximately IDR 72.2 million), marking a 1.43% gain over the past 24 hours. Within that period, ETH dipped to a low of IDR 71 million and climbed as high as IDR 73.27 million.

At the time of writing, Ethereum’s market capitalization is estimated at IDR 8,673 trillion, while its 24-hour trading volume has surged 16% to IDR 561.74 trillion.

Read also: BTC Hits $113K Today, Hinting at a Possible Symmetrical Triangle Breakout

Ethereum Leads Trading Volume

Since early August, Ethereum has quietly managed to overtake Bitcoin in spot trading share. Currently, ETH controls 32.9% of spot volume, slightly higher than Bitcoin’s (BTC) 32.6%, although the difference is slight, but still significant.

At its peak, Ethereum recorded a 41% share with a spot volume of $480 billion, surpassing Bitcoin which was at $400 billion.

A similar trend is also seen in the futures market. Ethereum futures volume surpassed Bitcoin since mid-July, and even reached a record $3.08 trillion in August. Open interest is close to $59 billion, signaling consistent investor demand.

On-chain activity is also surging: $258 billion locked in DeFi, 51.7 million monthly active addresses, and $140 billion in DEX trading. Meanwhile, ETH balances on crypto exchanges fell to a three-year low, signaling investors’ strong inclination to hold the asset.

Ethereum ETF Demand Surges

Citing a Coinpedia report, Ethereum’s rise this year has been largely driven by fund inflows from ETFs. Throughout 2025, ETH ETF products have absorbed nearly $10 billion in net inflows. These products are now a major force in the market, with cumulative spot ETF volume approaching $200 billion.

Currently, ETFs account for 16% of total ETH spot trading, the highest level in history.

Among ETF providers, BlackRock through its ETHA fund is the leader, accounting for 74% of ETF trading activity. Even after six consecutive days of outflows, today the ETH ETF recorded another $44.2 million inflow, entirely from BlackRock.

Read also: As Prices Climb, Can These 3 Altcoins Break Past Their All-Time Highs?

Ethereum Price Analysis: Can ETH Break the $5,000 Wall?

Since August, Ethereum has been moving in a narrow range, characterized by a tug-of-war between buyers and sellers. The $4,956 level is still the major resistance that thwarted the previous rally, while $4,310 serves as an important support that holds the decline.

If ETH slips below $4,250, the next potential downside could be in the area of $4,000 or even $3,874, the level corresponding to the Fibonacci retracement as well as the previous price reaction zone.

Even so, Ethereum’s 200-day SMA and EMA are still climbing, providing a safety net in favor of the bullish camp.

Historically, Ethereum rarely stays below this moving average for long when in a strong bull run phase. If buyers manage to push the price through $5,000, momentum could quickly turn positive with further targets at $5,500 to $6,000.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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:

• Ethereum Outshines Bitcoin in Trading Volumes, Will ETH Break $5K Price Barrier. Accessed on September 11, 2025