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 method.

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

Leverage piles up as Ethereum checks 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 via $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, exhibiting simply how prolonged leverage had change into.

Supply: CoinGlass

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

Why? As a result of all through August, Ethereum has repeatedly cycled via leverage build-ups and sharp flushouts, moves that pressured value decrease within the quick 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 subsequent 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 regarded extra like resets than reversals.

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

That 6.8% weekly bounce to the ATH? Powered by a fats bid-side wall maintaining 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 autumn. In the meantime, within the quick 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 development bolstered 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 maintaining the uptrend alive, whereas short-term deleveraging clears out extra leverage as a substitute of knocking value off monitor.

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