{"content":"🚨 Ethereum Hits All-Time High Following Powell’s Jackson Hole Speech Ethereum surged to a new all-time high today, driven by a wave of institutional inflows and a market rally sparked by Federal Reserve Chair Jerome Powell’s latest remarks at Jackson Hole. The move has positioned Ethereum to challenge Bitcoin’s dominance in the crypto market. Ethereum Breaks Records The price of ETH has experienced volatility in recent weeks, as strong institutional investment clashed with waves of trader liquidations. However, Powell’s speech appears to have tipped the balance—triggering a sharp spike in price that pushed Ethereum to its highest level ever. > Ethereum Price Chart – Source: CoinGecko This surge coincided with the expiration of roughly $5 billion in ETH and BTC options contracts, a market event that likely amplified the volatility. Additionally, over $245 million in short positions on ETH were liquidated as the price skyrocketed—adding further fuel to the rally. Ethereum Eyes Market Leadership Ethereum’s strong performance is raising questions about whether it could lead a broader altcoin rally. Analysts are increasingly predicting the start of a new “altcoin season,” with ETH seen as the front-runner thanks to its momentum and growing institutional backing. With key technical and market indicators aligning in its favor, Ethereum appears well-positioned to extend its gains beyond this new all-time high. $BTC $ETH {spot}(ETHUSDT) {spot}(BTCUSDT)","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/22/337bde64828731a5abc3e4bc0e96bb0f.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}