{"id":79964,"date":"2025-08-13T15:52:11","date_gmt":"2025-08-13T15:52:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/79964\/"},"modified":"2025-08-13T15:52:11","modified_gmt":"2025-08-13T15:52:11","slug":"ethereum-outpaces-crypto-market-with-41-monthly-surge-bitcoin-at-119k-should-you-buy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/79964\/","title":{"rendered":"Ethereum outpaces crypto market with 41% monthly surge; Bitcoin at $119K. Should you buy?"},"content":{"rendered":"

Ethereum<\/a> has surged nearly 41% in the past month, outpacing the 9% rise in the total crypto market<\/a> cap. Over the past three months, it has gained 59.30% and is up 14% in the last week.<\/p>\n

\u201cEther has surged 41% in the past month, far outpacing the 9% rise in the total crypto market cap. This strong outperformance has driven higher hedging demand as traders secure profits and diversify into other assets,\u201d said Harish Vatnani, Head of Trade, ZebPay.<\/p>\n

\u201cCaution above $4,000 is evident, with limited appetite for leveraged bullish bets despite $683 million in net inflows into spot ETH ETFs over just two days. Still, neutral derivatives readings suggest resilience, especially after the rapid rally from $3,400 to $4,300 in only eight days,\u201d Vatnani added.<\/p>\n

Crypto Tracker<\/p>\n

\"MudrexHe further noted that \u201crisk factors include potential pullbacks if ETH fails to clear $4,350 decisively. A rejection at current levels could lead to a retest of $4,150 support, while a break below $4,000 would signal a more significant correction toward the $3,800 zone.\u201dAnother expert, Vikram Subburaj, CEO, Giottus.com, said Ethereum (ETH) surged to fresh multi-year highs, climbing 8% to $4,620, fuelled by BitMine\u2019s plan to raise an additional $20 billion for ETH purchases. Ethereum continues to lead on strong fundamentals, with $1 billion in net inflows into spot ETFs yesterday, and is targeting $5,000 by the end of August. The broad setup suggests the altcoin rally remains intact as long as Bitcoin<\/a> avoids a decisive break below $116,000.
\"ETLive Events
Bitcoin
Bitcoin\u2019s price was recorded at $119,000 in Tuesday\u2019s trade, marking a resurgence to a 10-day high and topping out near $118,500\u2014a testament to the market\u2019s resilience amid broader geopolitical tensions.
“Bitcoin\u2019s resurgence to a 10-day high, topping out near $118,500, is a testament to the market\u2019s resilience amid broader geopolitical tensions, while Chainlink\u2019s near 7% surge past $22 underscores the growing appetite for alpha-seeking altcoins. This kind of synchronized strength across major assets reflects not just speculative momentum but improving institutional confidence and capital flow in crypto markets,\u201d said Avinash Shekhar, Co-Founder & CEO, Pi42.
As of 11:07 am IST, the world\u2019s largest cryptocurrency was up 0.69% over the past 24 hours at $119,338, and has gained 4.41% over the last seven days.
What experts say
Parth Srivastava, Head of Quant, 9Point Capital\u2019s Research Team:
Bitcoin\u2019s structure remains bullish as sustained ETF inflows<\/a>, led by BlackRock\u2019s IBIT, continue absorbing supply at a rapid pace. With consistent 2,000\u20133,000 BTC daily accumulation and occasional large spikes, dips are being quickly bought. Momentum and on-chain trends suggest further upside potential as long-term holders remain steady and institutional demand<\/a> stays robust.CoinSwitch Markets Desk:
Bitcoin rebounded from early lows to test resistance above $120,000 but faced repeated rejections. After choppy consolidation, selling pressure pulled it back near $119,200, with a mild late recovery keeping momentum neutral to slightly bearish. ETH is trading near $4,620, its highest level since the all-time high of $4,800 in November 2021. The ETH ETF recorded inflows of just over $1 billion on August 11, followed by an additional $205 million yesterday.<\/p>\n

Two publicly listed companies\u2014Japan\u2019s Metaplanet and the UK\u2019s The Smarter Web Company\u2014have added nearly $100 million worth of Bitcoin to their corporate treasuries. Meanwhile, Circle, the issuer of the USDC stablecoin, announced plans to launch an EVM-compatible layer-1 blockchain later this year.<\/p>\n

Sathvik Vishwanath, Co-Founder & CEO, Unocoin:
Weak jobs data and payroll revisions have bolstered expectations for a September Fed rate cut, with rates steady at 4.25%\u20134.50% for five meetings. Data quality concerns are growing as the BLS halts CPI collection in some cities, raising imputation to 35% in June; Trump\u2019s removal of BLS chief Erika McEntarfer adds political weight. Bitcoin is eyeing resistance between $117,335 and $123,250, supported by an ascending trendline and the 50-day SMA at $114,396. A breakout above $123,250 could target $127,000\u2013$130,000, while a breakdown risks $113,650\u2013$110,675. The RSI at 61 suggests more upside, but repeated $120,000 rejections indicate seller strength. Traders should wait for confirmation.<\/p>\n

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)<\/p>\n","protected":false},"excerpt":{"rendered":"Ethereum has surged nearly 41% in the past month, outpacing the 9% rise in the total crypto market…\n","protected":false},"author":2,"featured_media":79965,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[931,56174,28,56169,56175,56170,56176,15406,56173,56172,112,56171],"class_list":["post-79964","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bitcoin","tag-bitcoin-price-analysis","tag-business","tag-crypto-market","tag-crypto-market-trends","tag-etf-inflows","tag-eth-etf-inflows","tag-ethereum","tag-ethereum-price-surge","tag-institutional-demand","tag-markets","tag-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/79964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=79964"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/79964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/79965"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=79964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=79964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=79964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}