Ethereum Surges Above $4,477: Odds of Fed Rate Cuts Spark Altcoin Rally

Ethereum (ETH) witnessed a significant price jump on Wednesday, exceeding $4,481 and establishing a new all-time high. This rebound is largely attributed to the rising expectations for a potential September rate cut by the Federal Reserve. As market sentiment shifts towards optimism, the Altcoin Season Index has surged to its highest point year-to-date, reaching 63%. This upward trend has even fueled a positive outlook for a full-fledged altseason in 2025.