Ethereum Price Hits All-time High After Powell’s Rate Cut Signal
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The post Ethereum Price Hits All-time High After Powell’s Rate Cut Signal appeared first on Coinpedia Fintech News Ethereum has just smashed through its old record, setting a new all-time high above $4,878. This breaks the level last seen in November 2021. The timing couldn’t have been better. The surge came right after Federal Reserve Chair Jerome Powell confirmed at Jackson Hole that a rate cut is coming in September. So far in 2025, ETH is already up more than 40%. It’s outpacing Bitcoin and setting the tone for what traders are calling the start of altseason. Powell Speech Words Push Markets Higher The excitement comes down to what Powell really signaled. Heading into his speech, markets had priced a 71% chance of a cut in September. But when Powell acknowledged that U.S. job numbers had been revised down for three months and said inflation and unemployment risks were now “balanced,” the odds jumped to nearly 90%. For investors, that was Fed-speak for: cuts are coming. Bitcoin quickly bounced from $113K to $117K, while the Ethereum price ripped straight to its new all-time high. Other altcoins like Solana, XRP, and Cardano followed suit. September Rate Cut Likely, but Don’t Expect a Flood VirtualBacon, a well-followed crypto analyst, explained that Powell’s message was a turning point. Just in July, Powell stressed that inflation was the bigger threat. Now, by softening his stance and admitting risks are shifting, the Fed is opening the door to looser monetary policy. However, he cautioned that Powell also shut down the idea of rapid, aggressive cuts. The Fed is moving away from its old “flexible” policy that tolerated overshooting inflation and is instead returning to a strict 2% target. That means September looks locked in, but investors shouldn’t expect a flood of cuts. Liquidity Boost May…
