Ether Price Reaches Record High as Powell Hints at Rate Cuts

The Ether price surged towards its all-time high after Jerome Powell hinted at potential interest rate cuts, fueling optimism in the market and driving significant inflows into Ethereum. This move reflects Ether’s growing influence in global finance, propelled by institutional confidence and policy shifts. Analysts point to expanding DeFi applications and increased institutional investment as key drivers behind this surge.