Quick Highlights Ethereum hits ATH at $4,956 before slight pullback below $4,700 ETH/BTC breaks 11-month high at 0.043 BTC showing relative strength Fed rate cut speculation sparks crypto market rally across assets ETH Hits $4,956 ATH Amid Strong Market Momentum On the evening of August 24, 2025, Ethereum (ETH) hit a new all-time high (ATH) of $4,956, according to TradingView. The spike came amid heightened investor interest and positive macroeconomic signals. Shortly after touching the peak, 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 a 8.1% gain over the past week. Notably, Ethereum priced in Bitcoin has also reached a milestone, hitting 0.043 BTC, its highest value since September 2024. This shift indicates growing strength in Ethereum relative to Bitcoin, a potential sign that ETH is no longer as undervalued as before. This development reinforces the bullish trend for Ethereum and could hint at a larger market rotation in favor of altcoins. Why Is Ethereum Surging in August 2025? The rapid climb in ETH’s value appears to be fueled by several key factors: A hawkish-to-dovish pivot from the Federal Reserve. 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. Meanwhile, market volatility remains elevated. 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.
