Ethereum Breaks New High Above $4,878 as Fed Rate Cut Sparks Market Surge

Ethereum has hit a new record high, soaring past the $4,878 mark. This historic surge comes on the heels of Federal Reserve Chair Jerome Powell confirming a September rate cut during his speech at Jackson Hole. The timing couldn’t be better for crypto markets as the announcement sent shockwaves through the industry and fueled investor optimism about the future of alternative currencies.