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Ethereum Reaches All-Time High After Powell's Speech

In Brief

Ethereum has reached its all-time high following Jerome Powell's speech in Jackson Hole.

Institutional flows and trader liquidations contributed to the rise in the ETH market.

Analysts expect an imminent altcoin season, with Ethereum likely to lead.

Ethereum reached its all-time high today as Jerome Powell's recent speech caused a significant surge. Recent institutional flows allow it to compete with Bitcoin's market dominance.

ETH's performance may soon trigger the start of an altcoin season, as some analysts have theorized. Currently, the token has a lot of future momentum.