Ethereum's surge to a new all-time high signals continued institutional interest and strong market momentum, fueled by Jerome Powell's dovish stance on interest rates and growing blockchain adoption.
Ethereum reached a new all-time high of $4,954.81 over the weekend, bolstered by Jerome Powell’s hints at potential rate cuts. The price pullback to $4,776.46 on Monday still reflected a 15% rise from Friday. Ethereum’s rally is supported by growing institutional demand, with corporate treasuries holding over $50 billion in Ether, and the broader market outlook remains bullish amid expectations of further interest rate reductions.