Ethereum Soars to Record High as Powell’s Dovish Stance Ignites Crypto Market
Ethereum (ETH) surged to an all-time high of $4,885 on Coinbase Friday, rallying nearly 15% in 24 hours as Federal Reserve Chair Jerome Powell signaled possible interest rate cuts in September, boosting confidence across risk assets.
While the broader crypto market climbed on the news, ETH led the gains, significantly outperforming Bitcoin (BTC), which rose 4%, and the CoinDesk 20 Index, up 9% during the same period.
Powell’s remarks at Jackson Hole reassured traders that monetary easing could still be in play, reversing fading hopes from earlier in the week. The speech sparked sharp moves across global markets, with ETH benefiting most.
Beyond macro tailwinds, Ethereum’s rise has been supported by growing institutional interest in the network. Major firms—including ETHZilla, backed by billionaire investor Peter Thiel—have started adding ETH to their balance sheets, signaling confidence in Ethereum as a long-term infrastructure layer for financial markets.
As a result, ETH has outpaced BTC year-to-date, rising 45% in 2025 compared to 25% for Bitcoin. The token’s momentum has also lifted the price of Ethereum-linked assets such as Lido (LDO) and Ethena (ENA).
Ethereum’s record-breaking move underscores its strengthening role in the evolving financial landscape—fueled by macro catalysts, institutional positioning, and a deepening DeFi ecosystem.
