Ethereum (ETH) has experienced a notable price surge, breaking through key resistance levels over the past several days. On August 12, 2025, ETH surpassed $4,400 for the first time since 2021, quickly climbing to $4,500 and then $4,600 within hours. By August 13, ETH reached $4,700, marking its highest level since December 2021. This upward momentum continued into mid-August, with ETH reclaiming $4,500 and trading near all-time highs. Market analysts from Fundstrat and prominent investors like Tom Lee have projected further gains for Ethereum, with price targets ranging from $12,000 to $15,000 by the end of 2025. Despite some skepticism from Canary Capital CEO Steven McClurg, who described Ethereum as an "old technology" and favored Bitcoin's potential rise to $150,000, the prevailing sentiment in the crypto community points to a bullish outlook for ETH. Technical indicators suggest that August could be a breakout month for Ethereum, with the possibility of reaching new all-time highs if current trends persist. Additionally, significant trading activity has been noted, including a $280 million ETH purchase, reinforcing confidence in the asset's growth potential.