Ethereum Price Soars to Record High After Strong Technicals & Powell’s Speech

Ethereum has experienced a remarkable surge in price today, August 23rd, reaching a new all-time high of $4,877. This impressive climb coincides with bullish market trends fueled by strong technical indicators and investor sentiment. The price was bolstered by a significant break above crucial support levels, suggesting a continuation pattern after a recent dip. Ethereum’s resurgence is also attributed to the resumption of inflows into exchange-traded funds (ETFs), signaling renewed investment interest.