Thanks to Ethereum’s powerful surge past $4,200, co-founder Vitalik Buterin is once again an on-chain billionaire. His public wallet holdings now exceed $1.03 billion, a direct result of ETH’s 22% weekly gain that has pushed the network’s market cap back above $510 billion. The rally is being driven by what looks like a perfect storm of three distinct tailwinds for Ethereum.
In his own words. What does Vitalik think about all this success? CoinEdition covered his take on Ethereum’s incredible journey.
Tailwind #1: Institutional Floodgates Opened for ETH
Spot Ethereum ETFs have now accumulated more than 5.43 million ETH, a surge fueled by growing institutional confidence. These ETFs could soon offer staking yields if regulators approve, enhancing their appeal.
Alongside the ETFs, a new trend of corporate Ethereum treasuries is emerging. Publicly listed companies like Bitmine, GameSquare, and BTCS are now buying ETH for their balance sheets. According to Standard Chartered, these treasury holders have already acquired 1% of Ethereum’s total supply since June and could eventually control up to 10%.
Tailwind #2: A Shockingly Pro-Crypto Washington
Regulatory sentiment in Washington D.C. has also turned notably in crypto’s favor. President Trump recently signed the GENIUS Stablecoin Act, the first major U.S. crypto legislation.
The House also advanced the anti-CBDC Act and the Clarity Act, aimed at clarifying oversight between the SEC and CFTC. These bills now await Senate review, and a new executive order has opened the door for 401(k) retirement funds to invest in crypto.
This string of positive developments broadens the ETH investor base adding yet another source of capital inflow into Ethereum.
Tailwind #3: Major Technical Breakout Lines Up for ETH
Finally, the price chart is telling a bullish story. Market analyst Mags notes Ethereum has broken the $4,000 barrier on its fourth attempt, reaching $4,200 its highest level this cycle.
The move comes after a series of higher lows since the 2022 bottom, supported by a rising trendline.
#Ethereum just broke above $4,000 on its fourth attempt, currently trading at $4,200 – at the highest level so far in this cycle.
A weekly close above $4,000 would be extremely bullish, with a new ATH looking imminent. pic.twitter.com/IAYtA7u2lw
— Mags (@thescalpingpro) August 9, 2025
A confirmed weekly close above $4,000 could set the stage for a run toward $4,800 and potentially new all-time highs above $8,000. However, if the price fails to hold its current level, a pullback to the $3,200–$3,400 support zone is possible.
A decade of building. This financial milestone is built on a decade of technical success. Here’s our report on Ethereum’s 10-year anniversary.
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