US EditionEther notches first new record since 2021 after Powell speech teasing rate cuts
Ethereum's price surged over 14%, nearing its 2021 all-time high as traders price an 85% chance of Federal Reserve rate cuts in September, fueling optimism for riskier assets.
- On August 22, 2025, Ethereum surged over 14% to trade as high as $4,820 after Federal Reserve Chair Jerome Powell signaled the Fed is preparing to cut rates soon.
- Last week, the Bureau of Labor Statistics reported July inflation rose 2.7%, nudging investors toward risk assets as markets re-priced Fed policy, with cut odds rising from 72% to 85% for September.
- Trading volume surged 95% in the last 24 hours to top $68.22 billion, while Ether-focused ETFs reversed four days of outflows with $287.6 million in Thursday inflows as nearly $400 million in liquidations occurred.
- Institutional appetite showed through equity moves as companies with ether treasuries rallied, while Marcin Kazmierczak projects ETH could reach the $5,000-$6,000 range with Fed easing.
- With mixed economic signals, including a 0.9% Producers Price Index rise and 2.7% CPI print, observers caution Powell's careful tone means gains rely on fundamentals, not policy bets.
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Why Fed Chair Jerome Powell's Speech Pushed Ethereum DeFi Assets Highest
Federal Reserve Chair Jerome Powell shocked markets Friday at Jackson Hole by signaling the Fed is preparing to cut interest rates as soon as September. In a closely watched speech, Powell flagged concerns about a slowing labor market even as tariffs continue to push consumer prices higher. The comments marked a clear pivot from the Fed’s inflation-first stance of the past four years and instantly lit a fire under risk assets. Ethereum jumped as…
Ether surged 15% late Friday, rising as high as $4,885 and surpassing its November 2021 record of $4,866.01 after Fed Chair Jerome Powell hinted at rate cuts
Tanaya Macheel / CNBC: Ether surged 15% late Friday, rising as high as $4,885 and surpassing its November 2021 record of $4,866.01 after Fed Chair Jerome Powell hinted at rate cuts — The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode.
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