Ethereum's institutional pivot ↪️

ETH came within less than 10% of its all-time high Tuesday, as institutional adoption of the cryptocurrency proceeded apace.

Author

Stephen Graves
August 12, 2025

📝 What you need to know

Open interest in ETH futures positions surged to over $57 billion on Tuesday, as the cryptocurrency blasted past $4,400, less than 10% from its all-time high.

The past 24 hours have also seen over $127 million worth of ETH positions liquidated—the majority of which were long positions. Earlier this week, analysts told Decrypt that this week’s price gains are likely not a fluke, thanks to recent regulatory shifts and institutional adoption that’s seen over 8% of ETH’s circulating supply snapped up by ETFs and corporate treasuries.

Small wonder, then, that almost three-quarters of users on prediction market Myriad expect Ethereum to punch through its all-time high this year and hit $5,000.

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📊 Myriad Market of the Day

ETH to hit $5K in 2025?

Trade "ETH to hit $5K in 2025?" on Myriad

💬 Quote of the Day

❝

“Our institutional clients are becoming increasingly fundamental-discerning and quality-focused.”

Max Shannon, senior associate at crypto index provider Bitwise

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