Ethereum’s recent surge has brought it to new all-time highs in August 2025. Now, renowned crypto analyst Benjamin Cowen predicts a potential pullback towards its 21-week Exponential Moving Average (21W EMA). This follows a historical pattern observed since April, where ETH hit an ATH before retreating to find support at the 21W EMA. The analysis, which is accompanied by a detailed chart, suggests that this move aligns with a trend seen in past months and could lead to Ethereum consolidating after its recent 4x price surge. The current market context suggests Ethereum may see a short push towards $4,900 before the anticipated dip. Cowen cautions against expecting a perfect market repeat but emphasizes the need for consolidation following such rapid gains.