$ETH

The price of Ethereum (ETH) jumped to new historical levels on August 24, 2025, surpassing the $4,900 barrier for the first time since 2021, peaking at around $4,946.90. The decline in available supply on exchanges and reduced selling needs, along with the momentum shift from Bitcoin to Ethereum, contributed to pushing the price towards this record high. Additionally, comments from Federal Reserve Chair Jerome Powell regarding a potential easing of interest rates affected market movements over the weekend, as cryptocurrencies surged with investors rushing towards risk. However, this was followed by a sharp decline due to widespread selling from a 'Bitcoin whale', leading to massive liquidations that reflected on Ethereum, causing the price to drop below $4,600.