Ethereum Hit a record price of $ 4,885 on Coinbase Friday after a speech by the president of the Federal Reserve Jerome Powell suggesting drops of interest that left the traders who were noted in the weekend.
The token has increased by almost 15% in the last 24 hours as part of a wider rally on the financial markets.
Nevertheless, the Ether rally was distinguished among other tokens. Bitcoin was also in place, but only about 4%. The Coindesk 20 index, which follows the wider cryptography market, increased by 9% over the same period.
On Friday, Powell indicated that the Fed will indeed reduce interest rates in September, as initially planned by merchants. Hope, however, has faded in recent days, causing a significant reaction in the world markets during Friday negotiation hours.
Ether not only took advantage of the macroeconomic circumstances this year, but even more of the renewed institutional interest for the network behind the token.
Several companies have started to accumulate ether as part of their cash strategy, notably Ethzilla supported by billionaire investor Peter Thiel. Some people believe that Ethereum will finally be Wall Street’s favorite blockchain to rely on, feeding demand for his native token.
Consequently, Ether has surpassed Bitcoin this year, up approximately 45% since the beginning of 2025, while the largest cryptocurrency is up 25%. A few other tokens related to ether, like Lido (LDO) and Ethena also benefited from the rapid ETH rally.
