Ethereum grows toward the new record while corporate etal adoption accumulates the pace

Basic Points:

• Ether gets about 6% in the day as Bitmine inspires ETH accumulation plans for about $ 25 billion.

• Chairman Tom Lee gets Michael Saylor Comparis as the review says ETH price action is “defying gravity.”

• Bitcoin continues to cover below $ 120,000, withdrawing the CPI’s cool data.

Ether (Eth) Approaching $ 4,500 Tuesday because the major corporate purchase plans provided the largest altcoin of another major strengthening.

Ether price comes within $ 500 of all time high

Data from Cointelegraph Markets Pro and Tradingview ETH/USD showed up to $ 4,457 in Bitstamp – the highest since December 2021.

Now under $ 500 from all time high, the pair is crushed resistance after blockchain firm Firm Bitmine Immersion Technologies has announced the plans to Raise up to $ 20 billion For ETH purchases.

The transfer, which adds to the existing offer of the company, provides for the total ETH holders worth $ 24.5 billion. The day before, Bitmine revealed $ 4.96 billion to ETH.

A Tuesday File with the US Securities and Exchange Commission (SEC):

“With this prospectus supplement, we increase the total amount of the standard stock that can be sold under the sale agreement up to $ 24.5 billion, consisting of up to $ 2.0 billion under the prospectus, $ 2.5 billion under the earlier supplement of prospectus, and an additional $ 20.0 billion under the supplement of this prospectus.”

Bitmine’s stock reached 5.6% in the day at the time of writing, with ETH/USD getting a similar amount.

Market participants are not surprisingly emerging in perspective for ETH price strength.

“$ Eth has increased by more than 100% in less than two months,” Crypto businessman, analyst and businessman Michaël van de poppe in a Post on x.

“This step is comparable to the launch of $ BTC ETF, as the Bitcoin’s rally continues. We will probably see a new ATH for $ eth and after some integration -together. There is more to come for this cycle.”

Crypto investor and businessman Ted Pillows compares Bitmine Chairman Tom Lee to the approach to CEO Michael Saylor, who manages the accumulation of the largest Bitcoin (Btc) Corporate treasury.

We finally got our $ Eth Michael Saylor.

Bitmine wants to buy $ 20,000,000,000 Ethereum.

Lets goooooooo 🔥 pic.twitter.com/5xhjdnynqf

– TED (@TEDPILLOWS) August 12, 2025

“The $ eth is defying gravity,” Keith Alan, co-founder of the Crypto Trading Platform Material Indicator, continued.

Alan said it was an opportunity to buy the sinking in the 21-day Simple Moving Average (SMA), currently at $ 3,822, would be a “gift.”

Earlier, Cointelegraph reported that ETH price targets today Include $ 20,000 per coin.

Not all destiny and darkness for bitcoin

Meanwhile, Bitcoin continued the scope after a failed attempt to crack all the time high the day before.

Related: Bitcoin gets a $ 95k target as ‘ugly’ BTC price candle spoils breakout breakout

Positive Macro news in the form of US consumer price index (CPI) failed to boost momentum, along with altcoins that draw attention.

The July CPI printing arrives at 0.1% below expectations, lending weight to the Federal Reserve cutting interest rates At its next meeting in September-a major crypto and risk-asset tailwind.

Commenting on the market structure, however, the popular businessman and analyst rectual capital has a reason for optimization.

BTC/USD, he declared, is still trying to develop fresh support after breaking a multiweek dowrend.

“And if the price can continue to maintain stability here (perhaps even in the form of a bull flag), the price can try another re -visit range above (blue),” he ended next to a print of the sun -day chart.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.