On August 9, Ethereum (ETH) did what it hadn’t done since last December: it breached the $4,000 mark and has held steady above $ 4,100. However, does the case present for it to be the best crypto to buy now?
It climbed 6.38% throughout the day and at one point reached $4332, before sliding down to $4208, where it is currently trading
What’s more, some crypto analysts are now anticipating ETH to climb back to its November 2021 all-time high of $4,878, making it the best crypto to buy now, with crypto trader Ted sharing on X that a breakout is imminent.
I told you that the $ETH breakout is coming.
And it happened exactly as predicted.
Ethereum has smashed through its resistance and is now heading higher.
It feels like a new ATH is just a matter of days now. pic.twitter.com/XCxetoP0Ku
— Ted (@TedPillows) August 9, 2025
Further to this, CoinGlass’s data reveals that a short squeeze might be up on the horizon since a move to the $4,500 mark will end up putting almost $1.35 billion in short positions at risk.
The momentum of institutional purchase of the ETH has only grown over the last couple of weeks, with Arkham noting on an X post,” ETFs yesterday had total flows of $461M for ETH but only $404M for BTC.”
Moreover, Farside’s data over the last week highlights ETH inflows overshadowing BTC, with US spot-based ETH EFTs boasting $326.6 million in inflows compared to BTC’s $253.2 million
This has been a momentous turn of events for Ether’s founder, Vitalik Buterin, too. After a long stretch out of the spotlight, he’s back, once again as an on-chain billionaire, a title he first earned at age 27 in May 2021!
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Is BTC The Best Crypto To Buy Now Despite ETH Momentum?
Bitcoin has climbed back above the 180k mark after closing at $115.95k on 9 August 2025, a slip of 0.48% after Friday’s 0.83%. To BTC’s credit, it avoided breaking below the $150k support level.
As seen over the last couple of days, BTC’s ETF inflow trailed behind ETH, prompting a rotation to ETH despite BTC’s bullish technicals.
Technical indicators for the BTC/USD indicate that the crypto king is still looking bullish, sailing above the 50-day and 200-day EMAs. If the BTC manages to break the $120k threshold again, it stands the chance to attack the $122k level that it achieved on July 14 of this year.
update – btc has found support
I suspect the last pump which does come is quite fast to suck people in
so maybe 120k then drop back down a couple of k then final pump https://t.co/vEiaXiA76O pic.twitter.com/0qqzNPzYbd
—
ax Price (@Max1milianPrice) August 10, 2025
A sustained momentum above the $122k mark could carry forward to to $130k mark.
There are a couple of key factors that affect BTC’s future bullish outlook, including the CLARITY Act’s progress, the soon-to-be-made-public economic data, including the US CPI Report, Retail sales and Jobless claims.
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The post [LIVE] BTC Holds Steady Above $17K, ETH Tops $4.2K, Anticipates New ATH: Best Crypto To Buy appeared first on 99Bitcoins.
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