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Ether Drops to $4,700 After Setting a New All-time High

Twitter icon  •  Published 8 months ago on August 25, 2025  •  Hassan Maishera

Ether hit a new all-time high of $4,953 on Sunday, but the broader crypto market experienced a flash dump, causing ETH to drop to the $4,700 region.

Ether Drops to $4,700 After Setting a New All-time High

TL;DR

  • ETH hits a new all-time high of $4,953 on Sunday after rallying over the weekend.

  • However, the market immediately reversed its gains, and ETH is now trading at $4,724 per coin.

ETH Approaches $5k as Whale Accumulation Continues

Ether, the second-largest cryptocurrency by market cap, hit a new all-time high of $4,953 on Sunday after rallying over the last few days. The rally began on Friday following Powell’s speech at Jackson Hole, as the Fed chair revealed a strong possibility of cutting the interest rate in September.

The news saw ETH rally over the weekend and hit a new all-time high of $4.953. However, the rally was short-lived as the market instantly reversed its gains.ETH is now down 1.6% in the last 24 hours and now trades at $4,724.

In addition to ETH, BTC, and other leading cryptocurrencies, recorded a sharp dump on Sunday. BTC dumped from the $114k zone to drop below $112k. It now trades at $112,337, down 2.2% in the last 24 hours.

Dogecoin was the worst performer among the top 10 as it lost 3.5% of its value in the last 24 hours. Thanks to the bearish performance, the total cryptocurrency market cap has now dropped below $4 trillion once again.

 

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Author

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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