Ethereum Breaks Single-Month Record: Up 56% in Last 30 Days

Ethereum (ETH) is smashing it on the price charts over the last 30 days, up over 56% in that span and breaking its single-month growth record. The price soared from $2,468 at the start of the month to $3,862, with analysts pointing to a wave of inflows into spot Ethereum ETFs as the primary catalyst. At press time, ETH currently sits at $3,750, but several analysts have raised their forecasts for the cryptocurrency.

Bloomberg’s Eric Balchunas likened Ethereum’s current trajectory to the rise of 90s tech stocks, driven by explosive adoption and investor excitement. Over a 19-day stretch in July, spot ETH ETFs pulled in $5.37 billion, including a single-day high of $727 million.

Ethereum’s Big July

Before breaking the monthly record, Ethereum had gained a tremendous leap, breaking away from resistance prevalent at various $2K+ price levels. Moreover, Ethereum is leveraging current market momentum, which is set to reshape its identity for the newer dimensions. ETH is currently surging high on speculations that the budding stablecoin system, backed by the US, may end up leveraging Ethereum to build a robust stablecoin domain and infrastructure.

According to crypto analyst Ted Zhang, such speculative headwinds have started to show effect, with ETH eyeing a new high of $4100 in the process. “I just can’t get over this Ethereum weekly chart that really extends back 4 years. With the stablecoin tailwinds, a fat pitch is coming over 4100.” The bullish Ethereum price prediction revolves around Wall Street using its services to extend fintech services. ETH is now Wall Street’s preferred choice of using blockchain technology to advance fintech to clients. Global giants like JP Morgan and Robinhood are using the layer-1 blockchain to make digital assets available to clients. JP Morgan is using Ethereum services to advance its stablecoin projects. Robinhood is leveraging it for tokenization, among others.

Also Read: Ethereum’s 10-Year Anniversary: Price Forecast for Next 10 Years

Analysts at CoinCodex suggest the Ethereum token may surge as high as $4200 by the end of August 2025. By October 2025, ETH may end up surging to hit the $6K price mark in the process. “According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 10.20% and reach $4,260.07 by August 30, 2025. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 72 (greed).”