Ethereum goes up 10% in Ath after Powell alluded to the drop in the rate

Ethereum (ETH) has climbed more than 10% in the last 24 hours to reach a new record of all time (ATH) on Coinbase after the president of the federal reserve, Jerome Powell, alluded to possible interest rate reductions during a speech at the Jackson Hole.

The price of the Altcoin Leader exceeded $ 4,867 on the exchange of American crypto for the first Time since November 2021.

ETH just reached a new summit of all time. That’s it. It’s the tweet. pic.twitter.com/wmbw7mp5fp

– Coinbase 🛡️ (@coinbase) August 22, 2025

After overvoltage, the Ethereum price fell slightly to exchange $ 4,737.54 to 1 h 05 hne, according to data from CoinMarketCap.

Despite a record peak on Coinbase, both Coinmarketcap And Flirtatious Show that ETH ATH still amounts to $ 4,891.70.

Powell refers to a possible drop in interest rates

Speaking yesterday at the Jackson Hole summit, Powell said that “changing risk balance could justify adjust our policy position”, sending markets.

He said that the labor market remains in good shape and that the economy has shown “resilience”. Despite this, he added that downward risks increase and that President Donald Trump’s commercial prices could increase in inflation.

Given that the FED reference interest rate is a complete percentage point below what it was when Powell delivered his opening speech a year ago, and the unemployment rate is still low, Powell said that the conditions allow us to proceed with care, because we consider changes in our political position “.

According to the Fedwatch CME toolAnalysts have made the FEDs drop the rates from 25 basic points to 75%.

Polymarket check of the Fed decision in September (Source: Polymarket))

The bettors on Polymarket are also increasingly confident that there will be a rate drop in September. The chances of a decrease of 25 pb has increased from 19% to 78% in the last 24 hours. There is a good chance that there is a drop in the rate of 50 years and more than 1% to be 3%.

Conversely, the chances that interest rates remain unchanged have dropped by 19%.

Trump’s World Liberty Financial, whale is pushed in eth

After Powell’s speech, the Trump family bought more ETH through their World Liberty Financial (WLF) project, according to the Lookonchain chain analysis platform.

Trump’s freedom of the world (@Worldlibertyfi) spent 5.025 m $ USDC Buy 1,076 $ ETh $ 4,670 earlier! pic.twitter.com/rwkwgnymbf

– Lookonchain (@lookonchain) August 22, 2025

In the past 24 hours, WLF spent USDC 5.025 million to buy 1,076 ETH when Altcoin was at $ 4,670, Lookonchain said.

A bitcoin whale that has been dormant for a few years also continued to withdraw BTC and join ETH. Lookonchain noted in a previous job On X that the investor deposited 300 other BTC worth $ 34.78 million in hyperliquid, sold the BTC and invested the amount in ETH.

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