Ethereum Breaks Record Highs: Crypto Market Sees Surge Amidst Fed Optimism

Ethereum has reached a new all-time high above $4,870 on Coinbase this Friday, driven by bullish momentum and positive market trends. The surge follows the Federal Reserve’s dovish stance at the Jackson Hole symposium, where Chair Jerome Powell hinted at potential rate cuts in September. This shift towards less restrictive monetary policy has fueled investor confidence, particularly among institutional investors who are contributing to Ethereum’s growth.