Ethereum (ETH) is currently on a positive track after recording a monthly high closing above $4,955. If this momentum continues, the price could see a brighter outlook by the end of 2025.
Historically, Ethereum has often performed well when August ends on a high, followed by positive returns in the following months. In 2017, August’s 92.9% surge was followed by a 91% rally through the end of the year driven by initial coin offering (ICO) euphoria.
In 2020, ETH’s price rose 25.3% in August before surging 69% from September to December. Meanwhile, in 2021, August’s 35.6% gain continued with an additional 17.8% by December.
However, if August ends on a low, Ethereum’s price tends to continue to decline until the end of the year.
Analysis firm BitBlaze expects ETH to continue its upward trend towards levels between $6,800 and $7,000, in line with the targets stated by Standard Chartered's Geoffrey Kendrick as well as several other market analysts.
