In the last 24 hours, Ethereum (ETH) registered a sizzling rally of more than 15% and surpassed 2021 of all time high from $ 4,869.47 on August 22.
From the moment of the press, the second largest crypto was traded at a peak of $ 4,888 and continued to go up.
Federal Reserve chairman Jerome Powell led to the price increase after signaling potential interest rates on the Jackson Hole symposium. After Powell’s Dovish comments in Wyoming, the cryptomarkt collected more than 4% within the hour to reclaim the $ 4 trillion point.
The FED chairman stated that “the baseline for views and the shifting risk balance can justify that our policy posture can be adjusted”, which causes widespread speculation about the cuts on September.
Opportunities on polymarket of one Potential 25 Basis point section In September 17 jumped from 57% to 79% in a few hours after Powell’s speech.
UBS analysts noted that the DOVish remarks of Powell ‘the framing and the justification of a bending in the policy profit’ represent ‘, whereby the FED chair shifts the emphasis of mandate from inflation to employment.
Market -wide rally
Bitcoin rose by more than 4% for the past 24 hours and climbed to around $ 117,000 from the moment of the press.
Major Cap Altcoins followed Bitcoin and Ethereum. BNB registered a new highest point of $ 900 and is priced after climbing more than 7% during the period, while XRP, Solana and Dogecoin recorded percentages with double digits.
Traditional markets reflected the performance of Crypto, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average each rising around 2%.
The US dollar weakened against gold and other large assets, because investors expected easier monetary conditions.
Recover from multi -year lows
The breakthrough of Ethereum marks a significant reversal of his multi -year low of $ 1,385.41 reached in April 2025, the lowest price level of the token since March 2023.
The rally damaged leverage traders, with Coinglass data that reveals more than $ 553 million in liquidated positions in the last 24 hours.
Short sellers were victorious of losses, good for $ 308 million in liquidations, while long positions shed around $ 325 million. Ethereum dominated liquidation volumes of $ 251 million erased, followed by Bitcoin at $ 102 million.
The potential September rate reduction of the FED could further expand liquidity, which may extend the current momentum of crypto, because the markets remain closely linked to the decisions of the American monetary policy.
Ethereum -Market data
At the time of press 22:11 PM UTC on August 22, 2025Ethereum is on #2 by market capitalization and the price is upwards 15.69% In the last 24 hours. Ethereum has a market capitalization of $ 588.78 billion With a trade volume of 24 hours $ 71.47 billion. More information about Ethereum ›
Summary of the Cryptomarkt
At the time of press 22:11 PM UTC on August 22, 2025The total crypto market is appreciated at $ 4.05 trillion With a volume of 24 hours $ 235.96 billion. Bitcoin Dominance is currently up 57.50%. More information about the Cryptomarkt ›
