Ethereum (ETH) is making a push towards its all-time high price. As of August 13, 2025, the trading price of ETH has risen to around $4,400, just a step away from its ATH. Recently, ETH successfully broke through the key resistance level of $4,000, with daily volume setting a new record of 1.74 million, while institutional investors saw a net inflow through ETFs exceeding $326 million, all of which highlight the strong demand for ETH in the market.

From a technical perspective, the Relative Strength Index (RSI) has broken above 70, and the Moving Average Convergence Divergence (MACD) is showing positive values. These indicators all suggest that ETH may continue to rise. Analysts have set a short-term target price at $4,900, while the long-term forecast is more optimistic, with some even expecting ETH to reach highs of $7,330 or $20,000.

Historical data shows that after Bitcoin (BTC) hits a new ATH, ETH usually follows within 7 to 8 weeks. If the current market momentum can be sustained, ETH is expected to reach or exceed its ATH within 4 to 8 weeks before the end of 2025.

However, investors also need to remain vigilant. The current RSI indicator is at a high level, coupled with the price chart presenting an ascending wedge pattern, these signals suggest potential pullback risks in the short term. Market participants should closely monitor the changes in these technical indicators and make corresponding decisions based on their own investment strategies.

With the continuous development of the Ethereum ecosystem and the advancement of Layer 2 solutions, the value proposition of ETH is gaining recognition from more and more investors. However, the high volatility of the cryptocurrency market remains a factor that cannot be ignored, and investors need to fully assess risks and manage asset allocation when participating in trading.