🚨 #Ethereum Reaches New All-Time High After Powell’s Jackson Hole Speech
Ethereum surged to a record high today, fueled by institutional inflows and a market rally following Federal Reserve Chair Jerome Powell’s remarks at Jackson Hole. This move positions Ethereum to challenge Bitcoin’s dominance in the crypto space.
Ethereum Breaks Records
ETH has seen significant volatility in recent weeks, as strong institutional buying collided with waves of trader liquidations. Powell’s speech appears to have shifted the balance, triggering a sharp price spike that pushed Ethereum to its highest level ever.
> Ethereum Price Chart – Source: CoinGecko
The surge coincided with the expiration of roughly $5 billion in ETH and BTC options contracts, likely intensifying volatility. Over $245 million in ETH short positions were also liquidated as the price climbed—adding momentum to the rally.
Ethereum Eyes Market Leadership
Ethereum’s strong performance is raising expectations of a potential altcoin rally. Analysts increasingly see the start of a new “altcoin season,” with ETH as the front-runner thanks to its momentum and growing institutional support.
With technical and market factors aligning, Ethereum looks poised to extend gains beyond this new all-time high.
