Ethereum ATH Hits $4,956 on Fed Rate Optimism
Ethereum hit a new all-time high at $4,956 on August 24, 2025, extending from the $4,885 peak reached two days earlier. The surge was driven by strong investor interest and growing speculation over Federal Reserve rate cuts. The Ethereum all-time high was reinforced by the ETH/BTC ratio climbing to 0.043 BTC, its highest level since September 2024, signaling renewed strength versus Bitcoin. After the peak, ETH saw a modest pullback, trading near $4,608 for an 8.1% weekly gain.
Market volatility remains elevated, with daily liquidations topping $684 million, primarily from long ETH and BTC positions. Earlier sessions saw $468 million in ETH shorts liquidated. The Ethereum unstaking queue has fallen below 15 days, reflecting renewed staking interest ahead of upcoming protocol upgrades.
Crypto bulls now expect Ethereum to enter a price discovery phase with targets above $5,000. Traders should monitor macroeconomic cues, including dovish Fed signals and waning Bitcoin dominance, which support the ETH rally and hint at a possible altcoin rotation.
Bullish
The combined news highlights sustained upward momentum for Ethereum. Repeated all-time highs driven by Fed rate cut speculation and a soaring ETH/BTC ratio point to strong market confidence. Elevated liquidations of both long and short positions underscore heightened volatility that often precedes further rally phases. Renewed staking interest and upcoming protocol upgrades add a bullish catalyst for both short-term traders and long-term holders. The positive macro backdrop, including dovish Federal Reserve signals and weakening Bitcoin dominance, supports ongoing ETH price appreciation.