TradingKey – On Wednesday, August 13, Ethereum (ETH) extended its rally, surging more than 8% in the past 24 hours to reach a high of $4,682, its strongest level since November 2021. The price is now just 12% shy of its all-time high of $4,878, raising questions about whether the momentum can hold — or if a sharp correction is imminent.
ETH Weekly Price Chart – Source: TradingView
ETH-Linked Stocks Rise in Tandem
Ethereum’s price strength has lifted related equities in U.S. after-hours trading:
These moves reflect growing investor confidence in ETH’s breakout potential, especially as ETF inflows and treasury allocations continue to support upside momentum.
Bearish Pressure Builds Near $4,900
As ETH approaches its historical peak, bearish sentiment is beginning to surface.
Despite these sizable sales, ETH’s price has remained resilient, suggesting strong buy-side liquidity and limited follow-through from retail sellers.