Ethereum (ETH) recorded a ferocious rally of over 15% in the last 24 hours, surpassing the 2021 history high of $4,869.47 on August 22nd.
At the time of reporting, the second-largest cipher was trading at a maximum of $4,888 and continued to move upwards.
Federal Reserve Chair Jerome Powell urged prices to rise after signaling potential interest rate cuts at the Jackson Hole Symposium. After Powell’s halting remarks in Wyoming, the crypto market rose over 4% within an hour to regain $4 trillion.
The Fed chair said, “The changing balance between baseline outlook and risk may need to adjust our policy stance,” sparking widespread speculation about interest rate cuts in September.
Multilayer odds of a Potential 25 basis point cuts On September 17th, a few hours after Powell’s speech, he jumped to 57% to 79%.
UBS analysts noted that Powell’s Doy’s statements represent “framing and justification of refraction in policy bias,” and that the Fed chair changes its emphasis on mandates from inflation to employment concerns.
Market-wide gatherings
Bitcoin has jumped over 4% in the last 24 hours, rising to around $117,000 at the time of reporting.
Major Cap Altcoin followed Bitcoin and Ethereum. BNB hit a new all-time high of $900, priced after rising more than 7% over the period, while XRP, Solana and Dogecoin recorded double-digit percentage profits.
The traditional market reflects Crypto’s performance, with the S&P 500, Nasdaq Composite and Dow Jones Industry Average each increasing by around 2%.
The US dollar weakened against gold and other key assets as investors easily anticipated financial terms.
Recovery from multi-year lows
Ethereum’s breakthrough marks a major reversal from the multi-year low of $1,385.41, which reached April 2025, the lowest token price level since March 2025.
The rally has broken leveraged traders and revealed liquidation positions of over $553 million over the past 24 hours.
The short seller was borne by the brunt of losses, taking up a liquidation of $388 million, and the long position went down around $325 million. Ethereum controlled the liquidation volume, eliminating $251 million, followed by $102 million in Bitcoin.
The Fed’s potential interest rate cuts in September could further expand liquidity, potentially increasing the current momentum of crypto as the market is closely tied to US monetary policy decisions.
Ethereum Market Data
When reporting August 22, 2025, 10:11pmEthereum ranks second in terms of market capitalization, and the price is above 15.69% Over the past 24 hours. Ethereum has a market capitalization $58.878 billion 24-hour trading volume $71.47 billion. More about Ethereum›
Overview of the Crypto Market
When reporting August 22, 2025, 10:11pmCrypto market totals are evaluated by $4.05 trillion There is a 24-hour volume $23.596 billion. Bitcoin’s advantage is currently underway 57.50%. Crypto Market Details›