Ethereum breaks ATH: Fed pivot and ETF inflows boost ETH

Ethereum (ETH) surged past $4,870, hitting a new all-time high for the first time since November 2021. The rally follows Federal Reserve Chair Jerome Powell’s dovish remarks, suggesting rate cuts may come as early as September. The shift has energized crypto markets, pushing Ethereum over 250% higher since April lows.

Capital has been flooding back into Ethereum ETFs, with over $287 million in inflows on August 21 alone, and more than $12 billion in total assets under management. Corporate treasuries are also loading up — BitMine, SharpLink, and others have brought ETH treasury holdings to $29.75 billion.

Standard Chartered now sees ETH reaching $7,500 by year-end and $25,000 by 2028, with other analysts predicting $13,000 in the coming months. Meanwhile, Bitcoin dominance has dipped below 60%, indicating growing interest in altcoins. Inflows into Ethereum funds recently topped $2.8 billion in a single week — 5x that of Bitcoin — signaling robust institutional confidence.

Ethereum’s dual nature as a utility asset and financial reserve is reshaping its market perception and long-term value outlook.