#ETHBreaksATH

Today, Ethereum (ETH) achieved a new all-time closing high of $4,845 and reached a peak during the trading session of $4,882, surpassing its previous high from November 2021.

This strong performance came after statements from the Federal Reserve Chair at Jackson Hole, which rekindled expectations of a potential interest rate cut in the near future.

Quick summary:

New: Highest closing in history — $4,845

Trading hour peak: $4,882

Catalyst: Renewed push towards interest rate cuts

Impact: Increased support from institutions and massive investments in ETH

Do our technical signals indicate momentum is set to continue? Do you expect ETH to be pushed to $5,000 levels, or perhaps even higher?