Ethereum price has extended its winning run to the second successive day on Wednesday, staying above the $4,600 support mark. The coin was up by 0.8% at the time of writing, mirroring the broader crypto market resurgence. The gains came during a 24-hour period that also saw Ethereum spot ETF outperform Bitcoin’s, with inflows of $455 million against $88 million recorded in Tuesday’s trading session.
ETF, DeFi Drive Ethereum Price Up
ETH price performance in the third quarter of 2025 has been underlined by a strong institutional appetite in the ETF market. Furthermore, Ethereum price all-time-high of $4,946 was recorded just three days ago, affirming the prevailing bullish sentiment.
After the crypto market recorded a significant decline in the third week of August Ethereum made a strong ETF comeback in the last four days, registering net gains in successive sessions. This has seen it beat Bitcoin spot ETFs, which have registered gains for two successive days.
The strong ETF performance is what has kept Ethereum price on the ascent in this quarter, thanks to institution-led buying. The largest investment management company, BlackRock bought $323 million worth of ETH spot ETF products in yesterday’s session. That was not an isolated case, but an act that has taken place multiple times and is fast becoming a trend among institutions. This rising ETF appetite has strengthened the sentiment around Ethereum and augurs well for its price upside.
Meanwhile, Ethereum chain’s Defi performance has been on a strong uptrend in the last month, rising by 10% to drive the Total Value Locked (TVL) past $94 billion. That denotes increased utility for ETH which adds support to its price performance outlook.
Ethereum Price Prediction
On the chart below, Ethereum price pivot mark is at $4,590 and the momentum favours the buyers to stay in control. That will likely see primary resistance encountered at $4,710. An extended control by the buyers will breach that level and potentially test $4,800.
Conversely, going below $4,590 will signal the onset of a downward momentum. In that case, the ETHUSD pair will likely have its first support at $4,477. The upside narrative will be invalid below that level. In addition, the resulting momentum could push ETH price lower and test the second support at 4,325.
The key propulsions currently behind Ethereum price are a strong institutional ETF demand and DeFi performance.
Primary support will likely be at $4,477, Secondary support at $4,325
The first resistance will likely be at $4,710. Second resistance likely at $4,800.
Ethereum’s all-time high price is $4,946, recorded on August 24, 2025.
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