Ethereum Hits $3,800: Final Bull Run Eyes $10,000

- Surges above $3,800 for the first time since December 2024. - Posts 45.48% gain in July, pushing market cap past $450 billion. On July 20, 2025, Cryptopolitan and NewsBTC reported that Ethereum’s price surged past $3,800 to its highest level in seven months. This milestone followed a dramatic 45.48% monthly increase, which pushed Ethereum's market capitalization beyond $450 billion. The rally signals a turning point after a long period of market consolidation. Dutch market analyst Gert Van Lagen, renowned for his expertise in Elliott wave theory, attributed the surge to Ethereum entering the fifth and final wave of a long-term bull cycle that began in 2022. According to Van Lagen, this wave often signals a sharp price increase before the market resets, and he projects Ethereum’s price could soar to $10,000 during this phase. In an analysis shared on X, Van Lagen detailed Ethereum’s trajectory through five distinct waves. The first wave featured a robust rally, followed by a corrective phase spanning 2022–2023 as the second wave. A sustained rise defined the third wave, and consolidation characterized the fourth. Consequently, he argues the fifth wave, now in motion, typically culminates in an aggressive price surge. Van Lagen interprets the recent climb as the first subwave of this final phase, predicting a short correction will retest breakout levels. He believes a 'blow-off' subwave will then follow, pushing the price toward the $10,000 mark. This final wave sequence, he suggests, will conclude the bull cycle that began in 2022. At the time of reporting, Ethereum remained the second-largest cryptocurrency by market capitalization, commanding an 11.1% share with a valuation of approximately $441.14 billion. As of 15:09 UTC on July 20, 2025, market data showed Ethereum (ETH) trading at $3,758.81, with its 24-hour trading volume up 6.06%.