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Ethereum (ETH) soared greater than 10% within the final 24 hours to succeed in a brand new all-time excessive (ATH) on Coinbase after Federal Reserve Chair Jerome Powell hinted at potential rate of interest cuts throughout a speech on the Jackson Gap summit.
The main altcoin’s worth crossed above $4,867 on the US crypto trade for the primary time since November 2021.
ETH simply hit a brand new all-time excessive. That is it. That is the tweet. pic.twitter.com/wmBW7mP5Fp
— Coinbase 🛡️ (@coinbase) August 22, 2025
Following the surge, the Ethereum worth has pulled again barely to commerce at $4,737.54 as of 1:05 a.m. EST, in accordance with information from CoinMarketCap.
Regardless of reaching a report peak on Coinbase, each CoinMarketCap and CoinGecko present that ETH’s ATH nonetheless stands at $4,891.70.
Powell Hints At Potential Curiosity Fee Lower
Talking on the Jackson Gap summit yesterday, Powell stated a ”shifting stability of dangers might warrant adjusting our coverage stance,” sending markets on a tear.
He stated the labor market stays in fine condition and the economic system has proven “resilience.” Regardless of that, he added that draw back dangers are rising, and that President Donald Trump’s commerce tariffs might trigger inflation to rise once more.
Given the Fed’s benchmark rate of interest is a full share level under the place it was when Powell delivered his keynote speech a 12 months in the past, and the unemployment charge remains to be low, Powell stated that circumstances permit “us to proceed fastidiously as we think about adjustments to our coverage stance.”
In response to the CME FedWatch software, analysts put the probabilities that the Fed will reduce charges by 25 foundation factors at 75%.
Polymarket odds of what the Fed’s choice might be in September (Supply: Polymarket)
Bettors on Polymarket even have additionally grown more and more assured that there might be a charge reduce in September. Odds of a 25 bp reduce soared 19% to 78% within the final 24 hours. Odds that there might be a 50+ bp charge reduce additionally climbed 1% to face at 3%.
Conversely, odds that rates of interest will stay unchanged dropped 19%.
Trump’s World Liberty Monetary, Whale Pile Into ETH
After Powell’s speech, the Trump household purchased extra ETH by way of their World Liberty Monetary (WLF) mission, in accordance with on-chain analytics platform Lookonchain.
Trump’s World Liberty(@worldlibertyfi) spent 5.025M $USDC to purchase 1,076 $ETH at $4,670 simply now!https://t.co/0qWkRUhTQb pic.twitter.com/RwkWgnymBf
— Lookonchain (@lookonchain) August 22, 2025
Within the final 24 hours, WLF spent 5.025 million USDC to purchase 1,076 ETH when the altcoin was priced at $4,670, Lookonchain stated.
A Bitcoin whale that had been dormant for a number of years additionally continued to money out BTC and purchase into ETH. Lookonchain famous in an earlier publish on X that the investor deposited one other 300 BTC price $34.78 million on Hyperliquid, bought the BTC, and invested the quantity in ETH.
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