Ethereum (ETH) has experienced a notable price surge, breaking above the $3,700 mark and reaching as high as $4,000 on August 7, 2025. Market observers have highlighted a breakout from an inverse head and shoulders consolidation pattern, fueling expectations for further gains. Some analysts predict ETH could reach $4,000 soon, with more optimistic forecasts suggesting a potential rise to $10,000 within the month. Alongside Ethereum's rally, other cryptocurrencies such as Solana and Bitcoin also saw price increases, with Solana hitting $173 and Bitcoin reaching $116,500.