⚡️ Ethereum Price Highest Since 2021 Amid Softer Dollar and US Policy Clarity

Ethereum climbed past $4,300 on Saturday, reaching its highest level since late 2021, as investors responded to a weaker dollar, increased institutional interest, and a steady drawdown in exchange-held supply.

A weakening U.S. dollar and growing expectations of a Federal Reserve rate cut in September have lifted risk appetite across asset classes.

Crypto markets have followed suit, with Ethereum outperforming Bitcoin amid signs of rotation and increased accumulation by corporate treasuries and ETF sponsors.

Ethereum last traded at $4,244, up more than 43% this month, and its highest since December 9, 2021, CoinGecko data shows.

Adding to the momentum, the U.S. Securities and Exchange Commission last week clarified that liquid staking services do not constitute securities offerings, in what could remove a key regulatory overhang for #Ethereum . 

The shift clears a path for greater institutional participation in yield-generating #ETH products and strengthens the asset’s appeal as a long-term holding, analysts said.

🔸 Regulators also signaled a broader softening in policy. 

Certain stablecoins with guaranteed redemption terms may now qualify as cash equivalents under updated accounting guidance. 

At the same time, new White House directives have authorized crypto allocations in 401(k) retirement plans and barred banks from denying services to crypto firms based on reputational risk alone.

Jamie Coutts, chief crypto analyst at Real Vision, told Decrypt the shift in regulatory posture is placing Ethereum “alongside AI as a cornerstone of innovation and growth for the U.S. economy.” 

"Ethereum dominates in decentralization and tokenization, metrics that underscore its pivotal role in global blockchain development," he said. "We're also seeing a structural short position unwind as recognition of this is starting to resonate."