Ethereum has long been hailed as the backbone of decentralized finance, NFTs, and smart contracts, but in 2025 the focus is shifting toward whether ETH can deliver the kind of price action traders are hoping for. Currently trading near $4,100–$4,200, Ethereum faces pressure from profit-taking but is supported by whale accumulation and historically low exchange supply. Analysts are now debating whether ETH can climb toward $8,000 in the coming cycle.