Ethereum (eth) falls to the new full time high in the middle of September cutting rate
Ethereum Press a $ 4,885 record price on Coinbase on Friday following a speech by Federal Reserve Chair Jerome Powell who suggests interest rate cuts that left entrepreneurs who went to the weekend.
The token rose nearly 15% in the past 24 hours as part of a wider rally in financial markets.
However, Ether’s rally stands on other tokens. Bitcoin also, but only by 4%. The CoinDesk 20 index, which monitors the broader crypto market, rose 9% at the same time.
Powell on Friday gave clues that the Fed would actually cut interest rates in September, as the first expectation of entrepreneurs would expect. Hope, however, faded in recent days, resulted in a significant reaction to the global markets during Friday’s trade time.
Ether has not only benefited from macroeconomic events this year, but more from that institutional interest in the network behind the token.
Many companies have begun to accumulate ether as part of their Treasury approach, including Ethzilla supported by billions -billion investor Peter Thiel. Some believe that Ethereum will eventually become Wall Street’s favorite blockchain to build, fuel demand for its native token.
As a result, Ether has released Bitcoin this year, up to 45% since the beginning of 2025 while the largest cryptocurrency was up to 25%. Some other ether -related tokens, such as Lido (Ldo) and Ethena Din Benefited from the fast rally of ETH.
