Ethereum (ETH) has performed well recently, with prices continuing to rise. On August 13, ETH broke through the $4700 mark, just a step away from the historical high of $4868 set in November 2021. This strong trend has attracted widespread attention and optimistic expectations in the market.

According to data from Polymarket, over 80% of traders are optimistic that ETH will break through the $5000 mark by the end of the month. This optimistic sentiment is not only reflected among individual investors, but the large-scale inflow of institutional funds has also driven up the price of ETH. The daily net inflow of spot ETH ETFs has set a new record of $1.02 billion, demonstrating institutional investors' confidence in the future development of Ethereum.

From a technical perspective, ETH has broken through a key resistance level, showing strong upward momentum. However, the Relative Strength Index (RSI) is in the overbought territory, indicating a potential risk of a pullback in the short term. Investors need to remain vigilant and follow potential price fluctuations.

In the long run, Ethereum's market value has surpassed well-known companies such as Netflix and Mastercard, highlighting its important position in global assets. Some institutions even predict that the price of ETH may exceed $15,000 by the end of the year, a bold prediction that reflects the market's optimistic attitude towards Ethereum's long-term development prospects.

Despite the bright prospects, investors still need to carefully assess the risks and closely follow market trends and changes in the regulatory environment. Whether Ethereum can create a new historical high, let's wait and see.