Ethereum (ETH) has experienced a notable price surge, reaching new all-time highs in August 2025. The cryptocurrency first surpassed $4,400 and quickly climbed above $4,500 and $4,600 on August 22. It continued its upward momentum, breaking $4,700 and then $4,800 later that day. On August 24, ETH hit $4,900 for the first time in history, marking a new record high. The intraday high extended to $4,955, surpassing its previous peak from 2021. This rally followed a 250% increase from April lows and was partly attributed to Federal Reserve Chair Jerome Powell's dovish comments during the Jackson Hole speech, which hinted at potential interest rate cuts. The surge also coincided with increased market momentum and inflows related to Ethereum exchange-traded funds (ETFs), despite recent outflows totaling $238 million that ended a 14-week streak. After reaching a peak of approximately $4,953.73 on August 25, ETH's price retreated to around $4,616, a 4% decline over 24 hours, with its market capitalization dropping from $600 billion to $539 billion. The price action places Ethereum at a critical resistance level near $4,800, with bulls targeting a breakout above $6,000. Meanwhile, Bitcoin (BTC) also experienced a price drop during this period. The latest all-time high for Ethereum stands at $4,955, the highest since 2021.