In today’s information piece, we will dive together to understand that there are hopes for Ethereum to help it retest it’s all-time high of $4,891.There are several factors that are expected to drive its prices near to its ATH acquired on November 16, 2021.
However, from November 2021 till writing, it has experienced many ups and downs and recently recorded hovering near the mark of $3,100, but when writing, it is exchanging hands at $1,878 with a loss of 21% in a week.Source: TradingView Factors expected to back Ethereum to retest the ATH of $4,891
There are dozens of factors expected to help Ethereum revolve near $4,891 or to surpass this milestone, yet some major technical and fundamental reasons are: the ongoing context of the Ether spot ETF market, institutional adoption, post-Bitcoin halving development, revival of the NFT market, and hype of decentralized exchanges.
Ether spot ETF market momentum- This growth of ETFs is now seen as one of one of the primary factors that could help any crypto to review in the case of Bitcoin, the launch of spot ETF has backed growth in prices and adoption, and a similar momentum was expected from the Ether spot ETF, but it has faced less adoption and remains less popular until publishing the total volume of the market was $232.99 million and total assets under management are $6.42 billion. A boost in adoption and inflow of funds will help ETF recover, which will further help the Ethereum price scale
Institutional adoption- In the last few quarters, the adoption of Ether seems to be slow as its dominance over the wider market has fallen, and as of press time, it dominates 8.49% of the market, a decline of 16.83%, and is down by 32.34% in a quarter, the decline in dominance reflects a shift of giants from Ether to some other cryptos. With growing volatility in the market, panic selling has also been reported several times in 2024, and since the beginning of 2025, dozens of whales have swapped or sold their holdings as the prices have been below 3 expected supports. Data available on EtherScan(dot)io notes that there are around 308.81 million unique wallets, which were recorded at 262.54 million a year ago. It is crucial to note that Vitalik Buterin holds the highest Ether, followed by Binance and Huobi.
Market after 4th Bitcoin halving- After the 4th halving of Bitcoin, the market has grown with some tokens trading at a price never before, but the halving did not help Ether in any way, as its price is now lower lowest. The reason why Bitcoin halving was expected to boost Ethereum is, as is the case most of the time, linked with the prices of BTC, as Ether could be the second most prominent crypto of the market. If the decline in prices of Ethereum continues to grow, there is a possibility that it might fall below the support of $1,500.
NFT market regrowth- Experts argue that there are higher chances of reversal in the prices of Ethereum if the NFT market grows to a new height before 2025. According to CryptoSlam(dot)io, the global NFT market volume in 30 days was $433,836,400 down by 41.47% and a number of buyers are 571,961.Conclusion
Ethereum’s journey since its ATH of $4,891 in Nov 2021 has been a rollercoaster of ups and downs, with the price currently sitting at $1,878, marking a 21% weekly loss. Despite the volatility, several factors could support Ethereum’s potential to retest or even surpass its ATH.
The Ether spot ETF market remains a key driver, as increased adoption and investment inflows could significantly impact Ethereum’s price.
Institutional adoption plays a crucial role; despite recent declines in ETH dominance, the long-term potential for growth in the institutional space remains intact.
The 4th Bitcoin halving has also sparked market expectations, with Ethereum often benefiting from Bitcoin’s price movements.
ETH has not experienced the same price boost post-halving, signaling the need for further catalysts. A revival of the NFT market, a major use case for ETH, could bring fresh demand for the crypto, further propelling its price.
Ethereum’s road to its ATH is still plausible, but the path ahead is uncertain and requires close monitoring of key developments.
