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Ethereum’s latest upturn has propelled it beyond another benchmark, allowing the world’s second-largest cryptocurrency by market capitalization to surpass MasterCard in the global asset hierarchy.
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As per information provided by Watcher Guru, Ethereum is now positioned at the 22nd rank, supported by a market cap of $507 billion.
It is currently trading at $4,220, featuring a 24-hour trading volume of $53.50 billion, and the sentiment among traders has been leaning towards positivity.
Ethereum Breaks Long-Term Technical Pattern
Reports indicate that analyst Crypto Patel has noticed a breakout from a multi-year ascending triangle seen on Ethereum’s chart — a pattern often associated with significant upward price movements.
Maintaining a position above $4,000 has been essential in affirming the breakout, with Patel indicating that this setup could ultimately drive ETH towards $16,000 if buying interest persists.
JUST IN: Ethereum $ETH surpasses MasterCard to become the world’s 22nd largest asset by market cap. pic.twitter.com/JOCpZGOXaV
— Watcher.Guru (@WatcherGuru) August 9, 2025
Patel also noted the $3,500–$3,000 range as a “demand zone” where retracements could attract additional buyers. Those who entered the market prior to the breakout have reaped substantial rewards.
According to Patel, early investors have enjoyed returns of around 300%, marking one of Ethereum’s most impressive rallies in recent memory.
ETF Flows Highlight Institutional Interest
Institutional purchases have further fueled Ethereum’s ascent. As per August statistics, ETH exchange-traded funds (ETFs) secured approximately $174.57 million in net inflows, unlike Bitcoin ETFs, which experienced $565 million in net outflows during the same timeframe.
$ETH just broke out of a multi-year ascending triangle after maintaining $4K as support.
Measured move from this pattern points to $16K if momentum persists.
$3500-$3000 currently key demand zone: Pullbacks here = re-entry opportunities.
Hope you enjoyed our early entry wall on Ethereum,… https://t.co/ujN0h2PBVt pic.twitter.com/eblVPCpPUt
— Crypto Patel (@CryptoPatel) August 10, 2025
This trend has given Ethereum some momentum against Bitcoin, with ETH momentarily breaching the $4,300 threshold on August 9 for the first occasion since 2021.
Vitalik Buterin has also made remarks suggesting that companies holding ETH in their reserves could gain from the asset, though he encouraged caution to steer clear of overexposure.
His comments sparked renewed discussions on how far persistent structural demand could elevate ETH/BTC.
Differing Opinions On How Far The Rally Will Go
Market analysts remain divided on Ethereum’s forthcoming actions. Optimistic analysts refer to chart indicators along with strong fundamentals as evidence that ETH will continue to perform well.
Pessimists warn that misleading breakouts are common, and that maintaining a position above $4,000 with substantial volume will be the true challenge in the upcoming weeks.
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Although Ethereum’s advancement past MasterCard in terms of market value has been hailed as another step towards mainstream recognition, analysts caution that rankings can shift rapidly with the fluctuations in markets.
At this juncture, ETH exhibits a clear technical breakout, heightened institutional interest, and traders’ renewed attention — all elements that could set the stage for larger developments if it manages to sustain these levels.
Featured image from Unsplash, chart from TradingView
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