Key takeaways:
Ether trades at $4,600 with a 64% chance of hitting $5,000 by Aug. 31.
The odds of a new ETH all-time high in August jump to 87% on Polymarket.
Analysts warn of a potential correction to $4,000 to $4,400 if a key price support fails.
Ether (ETH) is trading below $4,600 as the market digests a hot Producer Price Index (PPI) print that showed inflation advancing far ahead of investors’ expectations. Despite the sharp correction from a multi-year high, traders are still confident that Ether will hit $5,000 before the end of 2025.
Polymarket users place $5,000 ETH price odds at 64%
Ether bull market projections this year have been notably optimistic, driven by technical patterns, institutional interest, and onchain metrics.
Now, Polymarket bettors believe that a $5,000 ETH price is possible before the end of August, placing the odds at 65% and 90% for a $4,800 price tag. They are also giving 31% and 18% chances of the altcoin’s price crossing $5,400 and $5,800, respectively, before the month ends.
Related: Ether investors betting too much on a Fed rate cut, analysts worry
The data also show that price bets extend all the way down to $2,000, as shown in the table below.
Polymarket users predict an 87% chance that Ether will hit a new all-time high by Aug. 31.
The expectations for fresh ETH/USD price highs in August mimic those elsewhere. On fellow prediction site Kalshi, the odds of Ether’s price hitting record highs before September now stand at 92%.
ETH price levels to watch
As Coinpectra continues to report, market participants have drawn lines in the sand that price action should not violate in order to secure Ether’s uptrend.
These include the area around the previous record weekly close at $4,600 and the $4,000 psychological level.
In his latest update, popular trader Rekt Capital stressed that ETH “will need to turn $4,631 into new support to confirm upside into price discovery.”
“The sooner ETH reclaims black, the better,” he told followers on X, adding:
“In the event of a failed reclaim, price could reject into its Weekly CME Gap at $4K, with the scope for wicking into the $3,750 zone.”
Pseudonymous analyst Block_Diversity v.8 said a correction toward the $4,000 to $4,400 demand zone was possible “before next bullish momentum.”
$ETH approaching ATH and may enter in price discovery mode. Usually is followed by a correction before next bullish momentum. Retracement levels can be $4380 and $4080. From there you can have your risk free longs pic.twitter.com/6p9XOs2Ztk
— Block_Diversity v.8 ™️ (@i_bot404) August 14, 2025
Data also shows that the +1 standard deviation “Active Realized Price” band around $4,700 was a key level to watch as it has triggered heavy selling in past cycles.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.