'No Reason to Buy Bitcoin': Ether Supporters Celebrating ATH

Yesterday, on Aug. 22, 2025, Ethereum ($ETH), the second-largest cryptocurrency, finally hit an $ATH over $4,885 on major spot exchanges. The Ethereum ($ETH) community in CT is mocking its opponents and guessing the potential targets of $ETH's price rally.

Ethereum ($ETH) price hits $ATH, community celebrates

With Ethereum ($ETH) smashing through its 2021 high, there's no reason to buy Bitcoin ($BTC) any longer. Ethereum ($ETH) is at the same time more decentralized and represents a better store of value, long-term $ETH proponent Anthony Sassano says on X.

According to him, cryptocurrency community members should either accept it now or when Ethereum ($ETH) finally flips Bitcoin ($BTC).

Meanwhile, the $ETH/$BTC ratio surged from 0.017 to 0.041 in just four months. Ethereum ($ETH) outperformed Bitcoin ($BTC) by more than 2.5x since.

Mocking Ethereum ($ETH) bears is another hot topic on X today. With $468 million in liquidated short positions, yesterday's session was the most brutal for Ethereum ($ETH) bears in weeks.

After peaking on Aug. 20, Ethereum ($ETH) unstaking queue started clearing. The period of unstaking dropped below 15 days for the first time in weeks. Normally, this is also a signal of growing interest in Ethereum.

Ethereum's ($ETH) next step: Price discovery ahead?

Ethereum ($ETH) supporters are sure that after revisiting the previous $ATH, Ether is set to start a price discovery period.

Fundstrat's Tom Lee, one of the vocal Ethereum ($ETH) proponents in this cycle, is sure that Ethereum ($ETH) has all chances to surpass Bitcoin ($BTC) by market cap.

As covered by U.Today earlier today, Raoul Pal, a seasoned economist and investor, expects the altcoin season to peak by mid-2026.

The closest Ethereum ($ETH) price target for bulls is $5,000. As of printing time, Ethereum ($ETH) is changing hands at $4,710.