Ethereum to $20K? Veteran analyst’s shocking prediction sparks crypto frenzy

Ethereum price prediction 2025: Ethereum (ETH) is making headlines once again as bold predictions and massive investments drive a surge in market confidence. On August 22, crypto analyst Benjamin Cowen suggested that ETH might rally before possibly dipping in September, a month he hinted could be crucial for the cryptocurrency, as per a report.

Analysts Bet Big on Ethereum’s Future

Adding to the growing optimism, Arthur Hayes, co-founder of BitMEX and now head of Maelstrom, revealed that he has started buying Ethereum again and his reason "the chart says it's going higher," as quoted by The Street. Hayes even predicted that Ethereum could reach $20,000 this cycle, according to the report.

Ethereum Surges Past $4,800

As of Friday, Ethereum was trading at $4,800, increasing by 14.25% in the past 24 hours, The Street reported, citing Kraken data.


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Ethereum ETFs See Massive Institutional Inflows

A major factor behind the recent momentum is the rise in institutional investment, as per the report. According to SoSo Value data, Ethereum spot ETFs saw $287.61 million in total net inflows on August 21, while Bitcoin ETFs recorded nearly $194 million in net outflows, reported The Street.

Bitcoin Whales Shift Strategy and Buy Into Ethereum

There’s also been a notable shift among whales. Spot On Chain reported that two long-time Bitcoin whales, who bought 100,784 BTC seven years ago, have started moving into Ethereum, according to the report. They sold 4,621.9 BTC, around $523.5 million and bought 82,398 ETH, worth roughly $353.6 million, using two wallets, as reported by The Street.

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In addition, these wallets opened a large leveraged long position on Hyperliquid, 135,265 ETH valued at $583.7 million, with liquidation levels between $3,487 and $3,612, according to the report.

Despite this move, the whales still hold 84,645 BTC, worth about $9.55 billion, showing that this isn’t a total exit from Bitcoin but rather a strategic rebalancing, as per The Street report.

While Ethereum is gaining momentum, analysts have pointed out that interest in Bitcoin from retail investors is decreasing compared to previous cycles, according to the report.

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BitMine Immersion Becomes Top Ethereum Holder

Meanwhile, institutional players continue to lean into Ethereum. On August 18, BitMine Immersion Technologies announced its crypto holdings have reached $6.61 billion, including 1.52 million ETH, as reported by The Street. This makes the company the largest Ethereum holder in the world and the second-largest overall crypto treasury, according to the report.

FAQs

Who is predicting Ethereum will hit $20K?
Arthur Hayes, co-founder of BitMEX, made that bold prediction and confirmed he’s already buying in.

What are crypto whales doing?
Two major whales sold over $500 million in Bitcoin and bought Ethereum instead.