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Ethereum hits new all-time high above $4,880 after Powell hints at September rate cut

Market News
22 Aug 2026
Crypto Briefing
View Source
Bullish
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Ethereum (ETH) surged nearly 15% within 24 hours to break its previous all-time high from 2021, reaching around $4,886 on Coinbase. This rally was sparked by Federal Reserve Chair Jerome Powell's comments at the Jackson Hole symposium suggesting a potential interest rate cut in September, which boosted risk assets. Unlike the 2021 peak driven by stimulus and low rates, this rally is supported by Ethereum's shift to proof-of-stake, reduced issuance, and growing institutional interest, including corporate treasury buys and ETH-based ETFs. The key factor to watch next is whether institutional inflows into ETH ETFs increase, which would indicate a more sustainable rally beyond retail enthusiasm.

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