Ethereum (ETH) has surged over 70% in the past four weeks, breaking past the $3,000 resistance level to reach $3,775 – its highest price this year. This rally triggered massive short liquidations exceeding $76.54 million in 24 hours, according to Coinglass data. The ETH/BTC pair also hit a 2025 high, gaining 40% to trade at $0.03184.
Network growth accompanies the price surge, with Santiment reporting over 152.03 million non-empty ETH wallets – more than any cryptocurrency. Significant whale activity includes a $50 million purchase of 13,500 ETH and SharpLink's acquisition of 280,706 ETH (valued at $1.06 billion), making it the largest corporate holder. ETH now faces resistance at $4,100; a breakout could propel it toward $5,000, sitting just 25% below its all-time high of $4,800.
Amid this momentum, altcoins like Snorter Token ($SNORT), Bitcoin Hyper ($HYPER), and FLOKI ($FLOKI) are gaining traction. $SNORT's Telegram-based trading bot presale has raised $2.18 million at $0.0989/token, offering retail-focused automated trading. $HYPER, a Bitcoin L2 solution using Solana's VM, raised $3.9 million in presale at $0.01235/token to bridge BTC into DeFi. $FLOKI surged 92% monthly to $0.0001402, buoyed by its Valhalla metaverse game logging 1M+ transactions since its July 1 launch.