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Cryptocurrency Ether approaches new record height, surpassing $4,700, amid BitMine's plans for a $20 billion expansion.

Cryptocurrency ETH surged to nearly its all-time high at $4,708, following BitMine's announcement of an ambitious $20 billion plan to acquire 5% of the total supply. This move has instilled confidence in investors, sparking optimistic estimates for ETH's price to potentially reach $15,000.

Cryptocurrency Ether surges, crossing $4,700 as BitMine plans a $20 billion expansion
Cryptocurrency Ether surges, crossing $4,700 as BitMine plans a $20 billion expansion

Cryptocurrency Ether approaches new record height, surpassing $4,700, amid BitMine's plans for a $20 billion expansion.

In the world of cryptocurrency, Ethereum (ETH) is currently experiencing a surge in its value, pushing it above $4,700. This bullish momentum follows a series of optimistic forecasts from experts, institutions, and analysts, indicating substantial gains towards and beyond $5,000 in the coming months.

BitMine Immersion Technology, a leading player in the crypto market, currently holds 1.15 million Ether valued just shy of $5 billion. The company has announced plans to raise an additional $20 billion in equity to buy more Ether, signalling its ambition to own 5% of Ether's total supply.

Tom Lee from Fundstrat is particularly bullish, anticipating ETH could reach $7,500 by year-end. If the Federal Reserve were to implement rate cuts, Lee believes ETH could even surge as high as $15,000.

VanEck's head of digital assets research, Matthew Sigel, stated that, including staking rewards, ETH has now outperformed Bitcoin by 900 basis points year-to-date. This strong performance is attributed to increasing institutional inflows and ETF interest.

Ether is now trading just 4% shy of its all-time high of $4,891 set in November 2021. Key resistance levels cluster around $4,850 to $5,000, with support around $4,450 to $4,600.

While Solana (SOL) is not directly covered in these recent forecasts, it typically shares similar bullish momentum tracking broader crypto market sentiment, especially when Ethereum rallies. However, no specific expert predictions from VanEck, BitMine Immersion Technology, or Tom Lee are highlighted for Solana in the current search results.

This news is an excerpt from the Unchained Daily newsletter.

[1] Binance, Changelly, Investing Haven, Coin Edition, and Daily Forex all provide detailed Ethereum price predictions, estimating rallies in August–September 2025 between $3,199 lows and $5,500+ highs, with key psychological resistance near $4,800 pivotal for bullish continuation.

[2] Daily Forex foresees a speculative range around $2,750 to $4,550 in August, cautioning on volatility and possible sharp corrections despite bullish momentum.

[3] Investing Haven and Coin Edition emphasize the potential for ETH to break new all-time highs in 2025, with an average expected price near $5,000 and forecasts extending up to $7,500 and beyond by institutional activity and ETF inflows.

[4] Tom Lee’s bullish stance highlights strong corporate and ETF accumulation, possibly driving prices above $7,500 or even $15,000 by year-end if macro conditions improve.

[5] Asgard founder Alex Kruger stated on the Bits + Bips podcast that ETH is currently the focus, due to flows and the influence of BitMine.

  1. Binance, Changelly, Investing Haven, Coin Edition, and Daily Forex predict that Ethereum (ETH) will experience rallies in August–September 2025, with prices potentially reaching between $3,199 and $5,500+. Key resistance near $4,800 is pivotal for continued bullish sentiment.
  2. As technology continues to drive adoption and institutional interest, Tom Lee from Fundstrat, along with Binance, Changelly, Investing Haven, and Coin Edition, anticipate ETH to not only break its current all-time high but potentially reach an average of $5,000, with some forecasts extending up to $7,500 and beyond.

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