Crypto predictions point to a strong likelihood of Ethereum (ETH) hitting its all-time high (ATH) by August 31st. Polymarket predicts a 75% chance of this feat occurring before the end of the month, with ETH trading only slightly below its previous record price. This optimism is fueled by increased activity within the Ethereum ecosystem, including rising Layer 2 volumes and expectations for looser USD liquidity. Market analysts anticipate that the momentum will carry through to CEX platform tokens like OKB. After a remarkable 200% surge, OKX’s OKB has triggered FOMO sentiment, driving gains in BGB and GT of about 15.5% and 31.1% respectively. While this rally may be tied to increased exchange volumes or favorable platform policies, it also signals potential short-term risk as the tokens could experience pullback after such rapid growth. Bitcoin’s leverage ratio has reached a five-year high in August, reaching +0.4. This signifies significant speculative positioning and potentially higher volatility risks as BTC approaches its ATH. While this level is not unprecedented, it suggests a heightened chance of price surges or crashes. In the coming weeks, traders should focus on managing their exposure to leverage and closely watching for signs of market volatility.