[LIVE] Bitcoin Remains Firm Above $17K, ETH Surpasses $4.2K, Awaits New ATH: Top Crypto asset To Purchase

On August 9, ETH (Ethereum) accomplished something it hadn’t achieved since last December: it surpassed the $4,000 threshold and has maintained stability above $4,100. But does this make it the top cryptocurrency to invest in right now?

It surged by 6.38% during the day and at one stage hit $4332, before retracting to $4208, where it continues to trade.

Moreover, several crypto analysts are now predicting that ETH could rise back to its all-time high of $4,878 from November 2021, making it the prime crypto asset to acquire now, with crypto investor Ted indicating on X that a upward movement is on the horizon.

I mentioned that the $ETH breakout was imminent.

And it unfolded exactly as I anticipated.

ETH has surged past its resistance and is now on an upward trajectory.

A new ATH feels just days away now. pic.twitter.com/XCxetoP0Ku

— Ted (@TedPillows) August 9, 2025

Additionally, CoinGlass’s data indicates a potential short squeeze may be approaching, as a rise to the $4,500 level could put nearly $1.35 billion in short positions at risk.

The momentum from institutional buying of Ethereum has surged over the past few weeks, with Arkham pointing out in an X post, “ETFs yesterday experienced total flows of $461M for Ethereum but only $404M for BTC.”

Moreover, Farside’s data from last week reveals that Ethereum inflows are surpassing those of BTC, with US spot-based Ethereum ETFs showing $326.6 million in inflows compared to BTC’s $253.2 million.

This represents a significant turn of events for Ether’s creator, Vitalik Buterin, who has returned to prominence, once again recognized as an on-chain billionaire, a title he first attained at 27 in May 2021!

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Is BTC The Leading Crypto To Acquire Now Despite Ethereum Momentum?

BTC has rebounded above the 180k level after concluding at $115.95k on August 9, 2025, marking a decrease of 0.48% following Friday’s drop of 0.83%. Credit goes to BTC for maintaining above the $150k base level level.

In recent days, BTC’s ETF inflow has lagged behind ETH, prompting a shift towards Ethereum despite BTC’s uptrend technical indicators.

Technical indicators for the BTC/USD show that the king of cryptocurrencies remains bullish, maintaining its position above the 50-day and 200-day EMAs. Should Bitcoin break through the $120k barrier once more, it could aim for the $122k level reached on July 14 of this year.

announcement – Bitcoin has established price floor

I suspect the last pump which will come is quite rapid to lure people in

so perhaps 120k then retreat a couple of k before the final surge https://t.co/vEiaXiA76O pic.twitter.com/0qqzNPzYbd

— ax Price (@Max1milianPrice) August 10, 2025

A sustained rally above the $122k level could propel it toward the $130k mark.

Several key elements are influencing BTC’s potential bullish outlook, including the advancement of the CLARITY Act, and upcoming economic data releases such as the US CPI Report, Retail benchmarks, and Jobless claims.

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The post [LIVE] Bitcoin Remains Firm Above $17K, Ethereum Surpasses $4.2K, Predicting a New ATH: Best Digital currency to Invest In appeared first on 99Bitcoins.