Ethereum is the second-largest cryptocurrency by market cap, and many investors watch its price closely. To understand what to expect from the coin in the near term, the Quickex editorial team analyzed its current position.
Here’s what’s happening with Ethereum and what ETH outlook to keep in mind through year-end.
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What’s happening with Ethereum
New projects keep launching on Ethereum, which fuels demand for the coin. For example, on September 3, 2025, Ondo Finance organized the tokenization of more than 100 U.S. stocks and ETFs on ETH. The term refers to issuing digital tokens on a blockchain that represent rights to real-world assets, such as shares.
However, there was no shortage of worrying news. On September 4, 2025, ReversingLabs reported a new technique for hiding malicious code. Attackers learned to hide command-and-control instructions inside smart contracts on the Ethereum network. Analysts discovered two npm packages called colortoolsv2 and mimelib2. They did not contain direct links to a loader but instead requested addresses from a smart contract, making detection and blocking harder. The packages were removed from npm, but it’s not that simple.
Analysts noted that the scammers used fake GitHub repositories with inflated metrics to mislead developers. The consequences of their activity may be worse than experts have been able to establish so far.
Ethereum and institutions
Whales continue to buy the coin. According to Santiment as of September 4, 2025, large Ethereum holders with 1,000–100,000 ETH increased their Ether balances by 14%. Analysts measure from the moment the cryptocurrency set a yearly low, recorded on April 9 around $1,472.
For example, on September 4, 2025, BitMine Immersion Tech acquired 14,665 ETH for roughly $64.7 million via Galaxy Digital. According to Arkham, BitMine’s total Ethereum holdings surpassed 1.75 million ETH worth $7.7 billion. That’s about 1.44% of the entire supply and the largest corporate Ethereum treasury in the world.
Several other public companies together added about $1.2 billion worth of Ethereum to their reserves. The largest addition came from The Ether Machine. The organization bought 150,000 ETH for roughly $654 million.
BitMine and SharpLink Gaming also increased their holdings, and the startup Etherealize announced it had raised $40 million from funds Electric Capital and Paradigm. The company intends to use the proceeds to promote Ethereum among institutional investors and to develop financial instruments tied to tokenized assets.
According to Derive, over the previous week U.S. spot Ethereum ETFs added roughly 250,000 ETH. Combined institutional holdings reached 6.74 million ETH. Corporate buyers accounted for about 330,000 ETH.
Derive analysts believe companies hold about 4% of the total Ethereum supply, and market participants could raise that share to 6–10% by year-end.
Notably, in recent weeks ETH has been rising faster than Bitcoin. In the crypto community, such relative strength is considered one of the main signs of an approaching altseason.
Experts explain Ethereum’s behavior by inflows into exchange-traded funds and corporate treasuries, as well as by the reduction in circulating supply due to staking. Recall that staking is the process of locking cryptocurrency in return for rewards. It’s comparable to placing money in a bank deposit. While coins are staked, they cannot be sold or transferred, so fewer ETH are available for trading on the market. This increases scarcity, which often pushes the price higher.
Public companies’ Ethereum in staking. Source: The Block
Should we expect new all-time highs from ETH?
Ethereum finally set a new all-time high on August 24, 2025. The peak was recorded at $4,953. The cryptocurrency fell short by a few dozen dollars of breaking the psychologically important $5,000 level.
At the time of writing, ETH is trading at $4,423, about 10% below the high.
Ethereum chart. Source: TradingView
Derive analysts are confident that the set of factors they highlighted in ETH’s setup points to the cryptocurrency preparing for a new leg of the bull run.
Experts noted that the short-term implied volatility on Ethereum options fell to 63% from 75% in a week. Volatility here is a measure of how large price swings the market expects in the future. The higher the reading, the stronger the anticipated moves.
According to Derive’s calculations, the probability of Ethereum rising to $6,000 is 30% by the end of October and 44% by the end of 2025.
Bottom line
Despite the pullback after setting a new all-time high, ETH remains bullish. The cryptocurrency is supported by institutions that keep buying up the free float.
Meanwhile, the developing shortage of Ethereum on the market may become another bullish factor.
Analysts believe that by the end of 2025 ETH may delight investors with new highs. They cite $6,000 as the reference level.
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