A large-area electronics (LAE) strain sensor, termed soft elastomeric capacitor (SEC), has shown great promise in fatigue crack monitoring. The SEC is capable to monitor strain changes over a large structural surface and undergo large deformations under cracking. Previous tests verified that the SEC can detect and localize fatigue cracks under low-cycle fatigue loading. In this paper, we further investigate the SEC's capability for monitoring high-cycle fatigue cracks, which are commonly seen in steel bridges. The peak-to-peak amplitude (pk-pk amplitude) of the SEC measurement is proposed as an indicator of crack growth. This technique is is robust and insensitive to long-term capacitance drift. To overcome the difficulty of identifying the pk-pk amplitude in time series due to high signal-tonoise ratio, a signal processing method is established. This method converts the measured SEC capacitance and applied load to power spectral densities (PSD) in the frequency domain, such that the pk-pk amplitudes of the measurements can be accurately extracted. Finally, the performance of this method is validated using a fatigue test of a compact steel specimen equipped with a SEC. Results show that the crack growth under high-cycle fatigue loading can be successfully monitored using the proposed signal processing method.