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Key Points:
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Ethereum price today jumped nearly 15% in 24 hours
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Jerome Powell hinted at a potential September rate cut
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ETH price surged past $4,880, outperforming Bitcoin
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Institutional accumulation is driving Ethereum’s momentum
Ethereum price at all-time high is sending shockwaves through the crypto markets.
In the last 24 hours, Ethereum surged nearly 15%, reaching $4,885 on Coinbase. This sharp move came immediately after Jerome Powell suggested the Federal Reserve could begin rate cuts in September.
The reaction was fast. Investors who had feared a delay in rate cuts rushed back into risk assets. Ethereum benefited more than any other major token. While Bitcoin gained about 4%, ETH posted a much stronger recovery. The CoinDesk 20 Index climbed 9% during the same period.
Ethereum outperforms Bitcoin on strong macro and institutional tailwinds
This isn’t just a bounce. Ethereum price today reflects a broader trend in investor sentiment. The ETH price is now up 45% year-to-date, compared to Bitcoin’s 25%. The Ethereum all-time high marks a turning point for how investors evaluate network value.
From my standpoint, this surge is not only about macro triggers. It is also about structural conviction. ETH has emerged as the blockchain of choice for institutions. According to several analysts, large firms are not waiting anymore. They are accumulating ETH now, with expectations of future integration and utility.
ETHZilla, backed by billionaire Peter Thiel, recently disclosed Ethereum purchases as part of its treasury reserves. Other players are expected to follow suit.
Ethereum price today reflects growing institutional conviction
The Ethereum all-time high did not occur in a vacuum. Multiple forces are aligned. On the same day Powell spoke, $5 billion worth of ETH and BTC options expired. That added liquidity and volatility. Traders found new momentum, and many short sellers were wiped out. In fact, $245 million in ETH shorts were liquidated in one day.
ETH-related tokens like Lido (LDO) and Ethena also saw strong gains. They tend to follow the Ethereum price closely. This signals a rally not only in the token but in the ecosystem.
I would argue that Ethereum’s appeal now comes from a practical point. Investors are no longer chasing narratives. They are aligning capital with usage and future applications. Ethereum continues to dominate in DeFi, NFTs, stablecoins, and tokenization of real-world assets.
Ethereum’s all-time high challenges Bitcoin’s dominance
Ethereum price today is not just a chart number. It is a reflection of market dynamics. The ETH price pushed through resistance levels as institutional inflows picked up. This price action reinforces confidence in Ethereum’s role as the platform layer for digital finance.
Still, not everyone agrees with the bullish view. Some traders warn that the ETH price has risen too fast, too soon. They point to weak on-chain activity compared to previous bull runs. From where I stand, short-term pullbacks are likely, but the structural momentum remains intact.
The Ethereum all-time high also puts pressure on Bitcoin. Ethereum is now seriously competing for capital dominance. While Bitcoin is often viewed as a store of value, Ethereum is increasingly seen as infrastructure.
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What’s next for the Ethereum price after reaching new highs?
Looking ahead, the question is whether the Ethereum price today can hold or extend this momentum. Rate cuts would reduce the cost of capital, which supports crypto assets broadly. But Ethereum has its own catalysts, including the upcoming Dencun upgrade and continued ETF rumors.
ETH’s recent price action is more than hype. It is built on real shifts in how institutions and traders perceive value. If Ethereum keeps attracting new capital and use cases, the ETH price may not be done yet.
