📶◀️Ethereum Rises to New Heights: 🟰 Historic Moments Unfold - ATH on the Horizon 🔻-🔻 Here’s Why and the Current Situation📶⏏️
⚪The price of Ethereum (ETH) has increased by 14.12% over the past twenty-four hours, reaching $4,817.76.🔺 With this increase,🔺 the market capitalization of Ethereum has risen by $65 billion, reaching $581.75 billion.📊↪️
⚪This price is expected to record the second largest daily increase in Ethereum's history.📊↪️
⚪ETH is trading at only 2.05%🔺 below its all-time high of $4,891.70, which was recorded in November 2021.📈⬅️
📈Expectations for interest rate cuts surged sharply following Powell's remarks🔺. Before his speech🔺, investors predicted a 70% chance of a quarter-point rate cut in September,🔺 but after his speech🔺, this percentage rose to 89%.📊↪️
📈Expectations for interest rate cuts have driven investors towards riskier assets.🔺 This development has generated a strong upward wave🔺, not just for Ethereum,🔺 but for the cryptocurrency market as a whole.↪️📊
📊*This is not investment advice.↪️
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