Ethereum, the second-largest cryptocurrency in the world, is burning up again, reaching new highs and approaching the long-anticipated $5,000. Just two days after finally breaking past its all-time high of $4,878 from November 2021, ETH climbed even higher on Sunday, August 24, 2025.
According to CoinGecko, Ethereum reached $4,945, while CoinMarketCap showed an even bigger spike at $4,948. ETH is holding strong near those levels. At the time of writing, Ethereum is trading at $4,733.79, down 1.26% in the last 24 hours.
The rally began on Friday after the U.S. Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts, sparking a wave of optimism across crypto markets. ETH alone surged nearly 8% within an hour and finished the day up 15%.
Several powerful drivers are fueling Ethereum’s rise. Spot Ethereum ETFs in the U.S. have had record inflows, with more than $1 billion being pulled in on a single day- the first time in weeks that they have outperformed Bitcoin ETFs.
In the meantime, corporate treasuries are piling in ETH. BitMine Immersion now holds over $7 billion worth, while SharpLink Gaming has amassed more than $3.6 billion.
Regulation has also turned more favorable. The SEC recently eased rules around staking services, while the GENIUS Act created a clear U.S. framework for stablecoins, most of which run on Ethereum’s network.
With momentum building, many traders believe $5,000 is well within reach. In fact, 9o% of users in recent polls expect ETH to hit the milestone by the end of 2025.
