Ethereum has reached new all-time highs on August 24, 2025. The analyst expects ETH to reach $8,000 by the end of September, attributing this forecast to an unprecedented growth rate and a shakeout of volatility and short positions, with shorts continuing to pile on. The current price sits at new all time highs. The liquidation map shows shorts being decimated and the analyst points to approximately $1 billion in shorts that have been piled on in the past 24 hours. The RSI indicators on the hourly timeframe display an established uptrend and MACD is scooping the zero and building some green momentum. Ethereum will move to 5500-6200 or up to 5700.