Ethereum Gains 13% in First 20 Days of August
Ethereum's price surges by over 14% following positive remarks from Jerome Powell, with projections suggesting potential for further growth if previous highs are surpassed.
Ethereum's price soared by more than 14% on August 22, 2025, surpassing its former all-time high of $4,878. This increase follows positive comments from US Federal Reserve Chairman Jerome Powell. Crypto expert Joao Wedson predicts that Ethereum may enter a re-accumulation phase and see a rally if it breaks the $4,878 mark, with a potential price range of $7,000–$7,500. Ethereum’s market movements show patterns consistent with Bitcoin’s market dominance cycles. As of the latest data, ETH is priced at $4,716, reflecting a 9% increase in the past 24 hours and over 11% in the last seven days.
- Re-accumulation phase: A phase in the market cycle where assets are accumulated at lower price levels before a significant price increase, often characterized by decreased volatility and market absorption.
- Market Makers: Entities or individuals that facilitate liquidity in financial markets by buying and selling assets, often during market transitions or re-accumulation periods.