Ethereum Price Soars As This Bitcoin Layer 2 ICO Blasts Past $8M

Ethereum Price Soars 25% In A Week As Arthur Hayes Buys Back ETH, While This Bitcoin Layer 2 ICO Blasts Past $8M

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Updated: 10 August 2025

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The Ethereum price has climbed 25% in the past week and 5% in the last 24 hours to trade at $4,0251 as of 11 p.m. EST on a 9% rise in daily trading volume to $47 billion.

This increase in the ETH price comes as BitMEX co-founder Arthur Hayes made a surprise return to the market, buying back $10.5 million worth of Ethereum at over $4,150.

Just last week, Hayes had said that weak US jobs data and slow global credit growth could drop Bitcoin to $100K and Ethereum to $3K. To prepare, he sold over $13 million in crypto, including $8.32 million in ETH, $4.62 million in Ethena, and $414,700 in Pepe.

Had to buy it all back, do you forgive me @fundstrat ?

I pinky swear, I'll never take profit again.

😘😘😘😘😘 pic.twitter.com/jRWfaCEPE6

— Arthur Hayes (@CryptoHayes) August 9, 2025

Now he says that he had to buy everything back, asking for forgiveness on X while tagging Fundstrat’s Tom Lee.

“Pinky swear, I’ll never take profits again,” he said.

Ethereum Price Targets $4,800 After Breaking Past $4,200

The ETHUSDT pair has been on a strong rise, moving above $4,200 and now aiming for the key resistance at $4,800. Earlier this year, ETH struggled in a bearish channel, dropping from above $4,800 to strong support near $2,100.

After finding stability at this support, Ethereum traded sideways between $2,400 and $2,800 for a long time, allowing buyers to build positions. In July, it broke out of this range, moving past key resistance levels and starting a steady uptrend with higher highs and higher lows.

ETHIUSDT Analysis. Source: Tradingview

Technical signals indicate that bullish momentum remains dominant. The Relative Strength Index (RSI) on the daily chart is currently at 72.86, which means ETH is in overbought territory.

This often signals that the market could see short-term pullbacks as traders take profits. However, it also reflects high demand and strong investor confidence in the current rally.

Bulls Eye New Highs as Momentum Remains Strong

ETH has maintained strong momentum, moving past $3,600 and now trading around $4,250. The move has been supported by strong buying pressure and the fact that the price is well above the 50-day and 200-day moving averages, two important indicators of trend strength.

If Ethereum breaks through the $4,800 resistance level, it could pave the way for a push toward its all-time highs or even new record prices.

On the other hand, if the rally loses steam, the nearest support lies around $3,600, with a stronger floor at $3,200. These levels could act as buying zones if the price dips.

Overall, Ethereum’s trend is still firmly bullish. However, the key test now will be whether the bulls have enough strength to push ETH beyond $4,800 and into the next phase of its uptrend.

Bitcoin Hyper Presale Soars Past $8M – Next Crypto To Explode?

Ethereum’s bullish momentum is going strong, and so, too, is the Bitcoin Hyper (HYPER) presale, which has just surpassed $8 million in funding.

This new layer-2 solution for Bitcoin is turning heads by promising to fix some of the biggest headaches in the BTC ecosystem, including slow transactions and high fees, while keeping things secure and user-friendly.

🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.

It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1

— Best Wallet (@BestWalletHQ) June 5, 2025

Built on the Solana Virtual Machine (SVM), Bitcoin Hyper takes Bitcoin’s clunky seven-transactions-per-second speed and supercharges it to thousands per second, rivaling high-performance blockchains.

It’s like giving Bitcoin a turbo boost, making it practical for everyday payments, decentralized apps (dApps), and even meme coins. Bitcoin Hyper uses a Canonical Bridge to lock your BTC on the main chain and create “wrapped” tokens on its layer-2 network.

You can then trade, stake, or use dApps much faster while still enjoying Bitcoin’s security. When you’re done, you burn the wrapped tokens to get your BTC back on layer-1.

An analyst from the 99Bitcoins YouTube channel, with over 723K subscribers, calls HYPER one of the best crypto ICOs to buy now.

Buy HYPER Now and Earn 134% APY

The HYPER token, currently priced at $0.0126 in the presale, powers this ecosystem and can be bought with ETH, USDT, BNB, or a bank card on the project’s website.

There’s also a jaw-dropping 134% annual percentage yield (APY) offered to anyone who stakes their tokens right now.

Buy before a price hike in less than 16 hours for the best deal.

Check out the Bitcoin Hyper website.

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