#Ethereum has reached a new all-time high, surpassing $4,800 after Powell’s speech at Jackson Hole. The expectation of a rate cut in September boosted demand for risk assets like cryptocurrencies. At the same time, Peter Thiel and other institutional investors increased their exposure to $ETH , strengthening market confidence. So far this month, ETH is up 13.5%, and over the year it has gained 27%, outperforming Bitcoin. The rally is seen as a “catch-up trade”, where Ethereum recovers ground against $BTC . Finally, favorable regulations, growing ETF adoption, and the upcoming Pectra upgrade reinforce the bullish narrative for Ethereum. #ETH