Chart of the Day - Friday, August 8, 2025

🏆 Today's Chart of the Day was shared by Donovan Jackson (@TheDonInvesting).
 

• Ethereum ($ETH) is back above $4,000 for the first time since December, unlocking the door to its all-time closing highs from 2021, near $4,600.

• Donovan notes that $4,000 has been the ceiling since March 2024, with each of the three past rejections followed by declines of -20% or more. However, it's finally above this key level after completing an 18-month base.

• It's also breaking out on a relative basis, with the $ETH/$BTC ratio reclaiming last year's low. Ethereum went from being down -56% YTD to being up +20%, nearly matching Bitcoin's YTD gain of +22%.

The Takeaway: Ethereum is breaking out on both an absolute and relative basis. While it hasn’t reached record territory yet, reclaiming $4,000 leaves little standing in its way.