Ethereum Hits New All-Time High As Fed Signals September Rate Cut
ETH surges past $4,879 after Powell's dovish comments; institutional demand and ETF inflows spike.
Crypto Laddin
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Ethereum (ETH) hit a fresh all-time high at $4,879 on Friday after Fed Chair Jerome Powell hinted at a possible rate cut in September. During his speech at the Jackson Hole symposium, Powell noted that stable labor market data supports a cautious policy adjustment, sparking optimism in risk-on markets.
ETH’s rally is also fueled by strong inflows into U.S.-listed spot Ether ETFs, which saw over $1 billion in a single day, boosting total holdings to $12.12 billion.
At the same time, corporate treasuries are aggressively accumulating ETH, with BitMine, SharpLink, ETHZilla, and GameSquare purchasing around $1.6 billion worth of Ether in the past month.
With macro tailwinds and growing institutional confidence, analysts suggest that Ether may soon surpass $5,000 and enter a new price discovery phase.
