Ethereum Price Hits 4950 ATH Before Whales Pull Back
Hey Hodlers, good news! Ethereum just set a brand-new ATH, crossing the $4950 mark like a rockstar walking on stage.
Investors were popping bottles as ETH blasted past $4900, but if you look at the chart, the afterparty might already be over.
Price Surge and the Sudden Dip
As you can see from the chart, Ethereum was cruising toward the skies, peaking at a mind-blowing $4950 around 18:00 UTC on August 24, 2025. The bulls were having a blast, with massive buying volume lighting up the charts. But then, out of nowhere, ETH took a wild plunge, dropping hard in a matter of minutes and landing back around $4700, and it looks like it will continue falling for a while.
The whales had their fun and are now stepping back. These big players know when to cash in, and with Ethereum at an all-time high, they’re taking their profits before things cool down.
What’s Happening in the Market?
Let’s be real: The market’s volatility is pretty intense right now. Big surges like this invite the whales to take profits, and they’re not shy about it. You’ll notice a sharp spike in volume right before that drop, signaling that some of the heavy hitters are pulling out their stacks.
Ethereum has had an almost uninterrupted uptrend for the past 24 hours, with very few dips along the way. But the sudden drop raises a question: have we hit the top for now? Or are we just taking a quick breather before ETH takes another leap higher?
Whales Take Profits, But Is It the End?
The whales might be pulling out, but that doesn’t mean it’s game over for Ethereum. The demand is still there, and if retail investors aren’t spooked, ETH could still see another leg up.
In short, Ethereum’s ATH of $4950 is amazing, but the real question is, will it hold? Keep your eyes peeled, because those whales have a way of moving the market, and it looks like they’re not done yet!
Kristian Koch
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