On August 24, 2025, Ethereum hit a new all-time high at $4,956, driven by heightened investor interest and positive macroeconomic signals.
Ethereum Reaches New High
According to TradingView, on the evening of August 24, Ethereum reached an all-time high of $4,956. Shortly after, the price experienced a minor pullback but remained in a strong uptrend. At the time of writing, ETH is trading just below $4,608, reflecting an 8.1% gain over the past week.
Reasons for Ethereum's Surge in August 2025
The rapid climb in ETH’s value appears to be fueled by several key factors:
* A pivot from the Federal Reserve from hawkish to dovish monetary policy. On August 22, Chairman Jerome Powell suggested that interest rate cuts may be on the table, sparking renewed risk appetite across markets. * A resurgence of investor interest in Ethereum’s ecosystem ahead of anticipated upgrades and rollouts. * Bitcoin’s dominance waning, giving altcoins like Ethereum room to outperform.
Market Volatility and Liquidations
Amidst the active growth in the market, elevated volatility remains. On the same day, daily liquidations surpassed $684 million, primarily from long positions in ETH and BTC, according to CoinGlass. This suggests a turbulent yet highly active market.
Ethereum's achievement of its all-time high at $4,956 underscores current market trends driven by both fundamental factors and changes in macroeconomic policy.
