ETH Breaks to New All-Time High on Growing Rate Cut Bets

Ethereum Hits Record High on Coinbase as Traders Eye September Rate Cut

Ethereum (ETH) surged to a fresh all-time high of $4,885 on Coinbase Friday, gaining nearly 15% in the past 24 hours following dovish comments from Federal Reserve Chair Jerome Powell that reignited optimism for a potential interest rate cut in September.

The rally came amid broad strength across risk assets, though Ethereum’s performance stood out. While Bitcoin (BTC) advanced 4% during the same period, and the CoinDesk 20 Index climbed 9%, Ether led the charge with renewed momentum.

Powell’s remarks — delivered at the annual Jackson Hole symposium — eased concerns that the Fed would maintain a hawkish stance, triggering a strong rebound across global markets. Traders appeared relieved as expectations for monetary easing were reaffirmed heading into the fall.

Beyond macro drivers, Ethereum’s price surge is being fueled by growing institutional interest in the blockchain’s underlying technology. Several firms, including Peter Thiel-backed ETHZilla, have begun accumulating ETH as part of their treasury allocation strategy — a trend some analysts see as a sign that Ethereum is becoming a preferred infrastructure layer for traditional finance.

So far in 2025, ETH has outperformed BTC, posting a 45% year-to-date gain versus Bitcoin’s 25% rise. The rally has also lifted related assets, with tokens such as Lido (LDO) and Ethena (ENA) recording double-digit gains in the wake of ETH’s breakout.

As the Fed’s next meeting approaches, investor attention will likely remain focused on inflation data and signals from policymakers — factors that could continue to shape crypto market momentum.