Ethereum Tops 2021 ATH As Bitcoin Suffers Flash Crash

Ethereum topped its 2021 all-time excessive (ATH) to succeed in $4,946 as Bitcoin suffered a flash-crash, pushing 24-hour liquidations previous $800 million and forcing the Crypto Worry and Greed Index under 50.

The crypto house fell over 2% within the final 24 hours to a market capitalization of $3.94 trillion.

ETH additionally traced from the brand new peak to commerce at $4,577 as of 4:16 a.m. EST, whereas Bitcoin fell greater than 2% within the final 24 hours to commerce at $111,768.

The most important 24-hour losers embrace Mantle (MNT) (11%), Pudgy Penguins (PENGU) (9.85%), and OKB (OKB) (9.44%), in response to CoinMarketCap information. 

In the meantime, the highest gainers have been Monero (XMR), VeChain (VET), and XDC Community (XDC), experiencing 2.67%, 2.50%, and 0.33% worth will increase, respectively.

Ethereum Value Hits File $4.9K, Breaking 2021 All-Time Excessive

After reaching a brand new ATH, the Ethereum worth entered a correction part.

The latest surge is a part of a longer-term development that has seen the worth of Ethereum soar 74% within the final 3 months.

August has been a major month for the Ethereum token, after spot ETH exchange-traded funds (ETFs) recorded an enormous $2.79 billion in web inflows, information from Coinglass reveals.

In keeping with NovaDius Wealth Administration President Nate Geraci, there was a notable shift within the inflows between spot ETH ETFs and spot BTC ETFs.

Spot eth ETFs w/ $340mil inflows yesterday…

Up to now in August:

Spot eth ETFs = $2.8bil inflows

Spot btc ETFs = $1.2bil *outflows*

Since starting of July:

Spot eth ETFs = $8.2bil inflows

Spot btc ETFs = $4.8bil inflows

Notable latest shift.

— Nate Geraci (@NateGeraci) August 23, 2025

After bottoming out in April, ETH has climbed steadily, breaking via key Fibonacci retracement ranges and most not too long ago dealing with resistance close to $4,950 earlier than pulling again on the every day chart.

The worth of ETH stays properly above each the 50-day and 200-day Easy Shifting Averages (SMAs), reinforcing the power of the continuing uptrend.

In the meantime, the Relative Energy Index (RSI) is at 58, suggesting wholesome power with out being in overbought territory, leaving room for additional upside.

ETH seems to be set to retest the $4,950 degree, and if it breaks decisively, a push past $5,200 is feasible. 

Nevertheless, if the channel help is examined, the $4,100 (0.236 Fib degree) zone turns into the primary key degree to look at for a bounce.

In keeping with a crypto analyst on X, referred to as Crypto Stream, ETH might nonetheless soar on condition that the present drop from the ATH doesn’t present on the weekly chart.

Your portfolio could be down after this predatory weekend worth motion, the place you bought baited into longing the ATH breakout.

Whereas it is horrendous on the five-minute chart, I encourage you to zoom out somewhat.

Ethereum is presently in a parabolic growth, and this little dip… pic.twitter.com/MbItvQw9GZ

— Crypto Stream (@CryptoStreamHub) August 25, 2025

ETH might lose steam in September, in response to crypto dealer CryptoGoos, who mentioned the altcoin’s worth has traditionally corrected throughout post-halving years.

$ETH seasonality in September throughout post-halving years is usually damaging.

Will this time be totally different? pic.twitter.com/h9hJ40V3np

— CryptoGoos (@crypto_goos) August 22, 2025

In keeping with one other X consumer, Satoshi Stacker, any time ETH has gained in August previously, it has skilled a correction in September.

Bitcoin Flash Crash Causes $800 Million Liquidations

Bitcoin suffered a sudden flash crash on Sunday evening, dropping over 3% inside minutes. The sudden crash was triggered by a single whale who unloaded 24,000 BTC to purchase ETH.

JUST IN: #Bitcoin flash crash right this moment, which worn out $310M in lengthy positions, has been traced to a SINGLE Bitcoin whale dumping BTC for ETH.

The whale offered 24,000+ BTC, together with cash that hadn’t moved in 5+ years, sending 12,000+ #BTC right this moment alone to the Hyperunite buying and selling… pic.twitter.com/h5jEt92Sys

— Jacob King (@JacobKinge) August 24, 2025

That triggered BTC to drop from $114,790 to $110,680 in a matter of minutes, catching merchants off guard.

The crypto market chief has since recovered to commerce above the $111,000 degree.

In keeping with Coinglass liquidation information, the sudden worth swings erased $811 million in positions. In whole, 164,316 merchants have been liquidated inside hours of the drop. The most important single liquidation order was for BTC/USDT on OKX, valued at $12.49 million.

Bitcoin lengthy positions confronted the heaviest losses, with $254.17 million worn out from these bullish bets, whereas Ethereum longs misplaced $248.78 million. Smaller altcoins additionally noticed liquidations, although to a lesser diploma.

In the meantime, the Crypto Worry and Greed Index dropped under 50 to 47, however nonetheless signifies that investor sentiment out there stays “Impartial.”

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