If you’ve been keeping an eye on the crypto world, you’ve probably noticed Ethereum (ETH) making some serious moves lately. On August 9, 2025, crypto enthusiast Unipcs dropped a thought-provoking thread on X that’s got everyone talking. The big takeaway? ETH has jumped from $3,000 to $4,320, and Unipcs believes this could be the start of “the mother of all hated rallies.” Let’s break it down and see what this means for Ethereum and the memecoin scene!

The Rally That Caught Everyone Off Guard

Unipcs pointed out that just a few weeks ago, ETH was hovering around $3,000. Back then, the crypto community was buzzing with skepticism, with many claiming “ETH is dead” because Bitcoin (BTC) was stealing the spotlight. But fast forward to now, and ETH is trading at $4,320—a whopping 7.73% increase in a single day, according to the chart shared in the thread. This surge has left skeptics scratching their heads and believers cheering.

The chart itself is a key piece of evidence. It shows ETH’s price range for the day (between $4,007.53 and $4,325.10) and its 52-week range (from $1,385.41 to $4,325.10). That upper limit being tested suggests we’re in uncharted territory, and the momentum is strong.

Why the Disbelief? Record Shorts and Big Names

One of the most intriguing points Unipcs raises is the record level of leveraged shorts on ETH. In a previous post from July 16, 2025, they highlighted how traders have taken massive short positions—basically betting that ETH’s price would drop. Historically, when shorts hit record highs, it often signals a potential squeeze, where the price shoots up as those bets get liquidated. If this pattern holds, ETH could see even more explosive growth.

Adding fuel to the fire, Unipcs mentions heavyweights like Joseph Lubin (a co-founder of Ethereum) and Peter Thiel getting involved. Lubin is reportedly running a playbook similar to MicroStrategy’s Bitcoin strategy with ETH, while Thiel is backing projects that could boost Ethereum’s value. This kind of institutional interest often signals a shift in market dynamics, making Unipcs’ prediction of a swift climb to $10,000 feel less far-fetched.

The Memecoin Connection

But it’s not just about ETH. Unipcs hints at a bigger picture: the crypto market follows a predictable cycle. First, BTC leads the charge, then ETH follows, and finally, altcoins and memecoins get their moment in the sun. Right now, ETH is still below its all-time high (ATH) of around $4,800 from late 2021. Once it breaks that barrier, Unipcs believes we’ll see “the mother of all rallies” for memecoins and altcoins.

This makes sense if you think about it. Memecoins like Dogecoin or newer contenders like $LMEOW (mentioned in related threads) often ride the wave of a strong ETH market. With ETH gaining traction, these quirky tokens could see a massive pump, especially if the community hype builds.

What’s Next for Ethereum?

Unipcs isn’t alone in their optimism. The disbelief in the air—combined with technical indicators like rising moving averages—suggests ETH could keep climbing aggressively. Some analysts predict it might hit $6,500 or even $7,000 by the end of 2025, driven by network upgrades and growing demand. If the short squeeze kicks in and big players keep pushing, that $10,000 target might not be as crazy as it sounds.

For now, the market seems to be in a “risk-on” phase, where investors are willing to bet big. The replies to Unipcs’ thread are full of excitement, with users shilling memecoins like $FOXY and $CULT, signaling that the altcoin season could be just around the corner.

Final Thoughts

Unipcs’ thread is a wake-up call for anyone watching the crypto space. ETH’s jump from $3,000 to $4,320 in such a short time shows the market can move fast, especially when sentiment shifts. With record shorts, influential backers, and a potential memecoin explosion on the horizon, this could indeed be the start of something huge. Whether you’re an ETH holder or a memecoin enthusiast, now might be the time to pay attention.

What do you think? Are you betting on ETH to hit $10,000, or are you holding out for the next big memecoin rally? Drop your thoughts in the comments, and stay tuned to Meme Insider for the latest updates on this wild crypto ride!