Ethereum breaks $4,900 all-time high: Here’s why ETH could hit $15K by December 2025

Key Takeaways

Ethereum tagged a contemporary all-time excessive at $4,953, with futures OI taking pictures as much as $71 billion. Leverage is flooding in, setting the stage for a giant transfer both manner.

Ethereum [ETH] is stepping right into a pivotal week as September buying and selling kicks off.

It’s a month that’s traditionally been a drag, with a median 6.42% drawdown throughout previous cycles. 

Regardless of that backdrop, worth motion is urgent into contemporary highs, with leverage stacking aggressively throughout Futures markets. Which is why how merchants place right here might be key in shaping Ethereum’s year-end goal.

Leverage piles up as Ethereum assessments resistance

Ethereum appears to be like to be closing August on a excessive.

The altcoin snapped its three-year August slump with a 30% month-to-month rally, bouncing from $3,900 base, earlier than ripping by way of $4,900 for the primary time.

Nevertheless, the transfer cooled off quick. ETH pulled again almost 4% as about $130 million in longs acquired squeezed, whereas futures Open Curiosity (OI) spiked to $70 billion, displaying simply how prolonged leverage had turn into.

Supply: CoinGlass

That backdrop makes positioning key for Ethereum’s This fall path.

Why? As a result of all through August, Ethereum has repeatedly cycled by way of leverage build-ups and sharp flushouts, moves that pressured worth decrease within the brief time period however didn’t derail the broader uptrend. 

Working example: In mid-August, OI overheated close to $65 billion as ETH tapped $4,700. By the following week, OI had reset to $59 billion with ETH retesting $4k, earlier than rebounding and ripping into a brand new all-time excessive.

Quick-term squeezes, long-term momentum

Naturally, Ethereum’s liquidations seemed extra like resets than reversals.

That is important. ETH’s weekly energy, averaging a ten% pop, is backed by stable spot accumulation and ETF inflows.

That 6.8% weekly leap to the ATH? Powered by a fats bid-side wall protecting the rally intact.

From a technical lens, this flipped seasonal weak point on its head, paving the way in which for a bullish stretch into the remainder of Q3 and This fall. In the meantime, within the brief time period, roughly $2.2 billion in shorts are in danger if ETH breaks $5,000.

Supply: CoinGlass

Roadmap to year-end

Put merely, this pattern strengthened Ethereum’s structural resilience.

With ETH clearing $4,900, the setup appears to be like prime for an prolonged run. Hefty bid-side partitions are protecting the uptrend alive, whereas short-term deleveraging clears out extra leverage as a substitute of knocking worth off monitor.

On this context, Ethereum could possibly be focusing on $15,000 by year-end, doubtlessly delivering a median of round 50% month-to-month ROI.