Ethereum He hit a record price of $ 4,885 in Coinbase on Friday after a speech by the president of the Federal Reserve, Jerome Powell, suggesting that interest rate cuts left the merchants relieved at the weekend.
Token increased almost 15% in the last 24 hours as part of a broader demonstration in financial markets.
However, Ether’s rally stood out among other chips. Bitcoin also rose, but only for approximately 4%. The Coendesk 20 index, which tracks the largest cryptographic market, increased 9% during the same period.
Powell on Friday gave suggestions that Fed will really reduce interest rates in September, as merchants initially expected. However, hope faded in recent days, causing a significant reaction in global markets during Friday’s negotiation hours.
Ether has not only benefited from macroeconomic circumstances this year, but even more of the renewed institutional interest in the network behind the Token.
Several companies have begun to accumulate Ether as part of their treasure strategy, including Ethzilla that is backed by billionaire investor Peter Thiel. Some believe that Ethereum will eventually be the favorite block chain of Wall Street to build, feeding the demand of his native token.
As a result, Ether has exceeded Bitcoin this year, an increase of 45% since the beginning of 2025, while the largest cryptocurrency has increased 25%. Some other chips related to the ether, such as Lido (Ldo) and Ethena It also benefited from the rapid ETH rally.
