HYPE Crypto Price Review Following New ATH: Is ETH Price USA Set to Exceed $4,000 Soon?

Hyperliquid’s HYPE crypto asset has just achieved a new all-time high, reaching the $45.80 mark after experiencing a drop below $40 over the weekend. Presently, robust buying momentum continues to elevate its price since its low of $10 recorded in April.

According to reports today, more than $1 million in Hype short positions have been eliminated, providing additional fuel for the ascent—a trend that is being observed across the crypto market as well.

Bitcoin ▲1.30% is holding steady around $107k; only a few percent increase is required to reach $110K. SOL ▼-1.23% remains near $155, while XRP ▲3.09% is currently at the $2.25 mark, and ETH ▲0.93% appears to be the strongest for the time being at $2580.

With Hype, an EVM chain, achieving one all-time high after another, could Ethereum soon surpass $4,000?

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The Reasons Behind HYPE Crypto Sharp Price Rise

The surge in Hype’s price follows a 15% increase in just 24 hours last week when this cryptocurrency reached $41.50. Observers are attributing this to significant large holder activity, noting that major investors are purchasing tokens and capitalizing on every dip.

Beyond the promising price trend, Hype’s cryptocurrency fundamentals remain strong. It recorded a 66% increase in total value locked in May, surpassing $500 million, and that number continues to rise. To complement its hype and TVL, daily trading volumes are also reaching billions. These factors contribute to HYPE’s adoption, which is reflected in its price.

#Hyperliquid has just surged to a new ATH at $45.80 (+8% intraday), with $1.56 B TVL, $1.4 B in 24h volume & $10.7 B open interest on-chain. Infrastructure lead + upcoming HyperEVM beta = rocket fuel for reaching $100+.

Higher https://t.co/JnnOwEmcUW

— African in Crypto (@AfricaninCrypt1) June 16, 2025

HYPE’s daily trading volume is linked to its dominance in the on-chain perpetual market, commanding roughly 70% of the sector, with $175 billion in volume recorded in March alone. With that volume, investors benefit from daily buybacks and the token burn mechanism.

Data indicates that Hyperliquid purchases approximately $1.4 million worth of its token daily, or 0.07% of its total supply. With this rate, about 25% of the token supply could be removed within a year, creating a token supply shock that every trader and holder desires.

HyperEVM adoption is rapidly expanding. The recent closure of a $1.2 billion position was executed seamlessly, demonstrating the system’s robustness. However, analysts caution a potential short-term correction following such a steep rise.

(HYPEUSDT1D)

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HYPE is Pumping, But ETH Might Crack $4,000 Soon

Ethereum is on the way to $4,000, resembling a train gaining speed. The outlook for ETH is positive. Institutional interest is rising, and platform upgrades are enhancing its ecosystem with reduced fees.

Recent statistics reveal that whale accumulation and ETF inflows are steadily increasing. Major firms like BlackRock and Fidelity are accumulating Ethereum aggressively. This trend is optimistic for Ethereum.

Significant investments are flowing into Ethereum-based ventures, spanning from DeFi to NFTs. This continuous influx of capital lays a robust groundwork for price appreciation, with demand surpassing circulating supply.

Protocol upgrades are also revolutionizing the Ethereum on-chain landscape. They have enhanced scalability while reducing fees, making ETH more appealing for developers and users. Although Ethereum is not as expensive a chain as before, traders can always opt for its layer-2 solutions for lower trading costs.

More users are increasingly engaging with ETH’s decentralized applications, further pushing transaction volumes. This surge in utility strengthens Ethereum’s value proposition, making the $4,000 target seem feasible.

Technical indicators are indicating optimistic signals. ETH/BTC is showing strong performance, with Ethereum maintaining its strength against Bitcoin for 8-9 consecutive weeks. Weekly RSI breakouts and optimistic MACD crossovers reflect significant momentum.

(ETHBTC1W)

Market sentiment is exceptionally strong, and the bull run is no longer a question of if, but when.

Ethereum’s ecosystem and its layer-2 solutions are flourishing, with new projects being launched every day. Price movements are consistently above crucial moving averages, indicating a clear trajectory toward $4,000.

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