Ethereum (ETH) experienced a significant surge of over 10% in the past 24 hours, reaching a new all-time high (ATH) on Coinbase, shortly after Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts during his speech at the Jackson Hole summit. This rise has propelled ETH’s price to surpass $4,867, marking its first time above this threshold since November 2021. Coinbase confirmed this milestone via a tweet on August 22, 2025. However, after a slight pullback, the price currently trades at $4,737.54 according to CoinMarketCap. 3rd-party data sources like CoinGecko and CoinMarketCap show that ETH’s ATH remains at $4,891.70. 75% of analysts predict a 25 basis point rate cut by the Fed in September, as suggested by CME FedWatch tool, according to recent analysis.