Ethereum Hit a record price of $ 4,885 at Coinbase Friday after a speech by Federal Reserve -President Jerome Powell, who suggested that interest rates left traders relieved this weekend.
Token rose almost 15% over the last 24 hours as part of a wider rally in the financial markets.
Nevertheless, Ether’s rally stood out among other symbols. Bitcoin was also up, but only with approx. 4%. Coindesk 20 index, which tracks the wider crypto market, rose 9% over the same period.
Powell on Friday gave hints that Fed will actually reduce interest rates in September, as originally expected by dealers. However, Hope faded in the last few days, causing a significant reaction to global markets in Friday trade hours.
Ether has not only benefited from macroeconomic circumstances this year, but even more from renewed institutional interest in the network behind the token.
Several companies have begun to accumulate ether as part of their treasury strategy, including Ethzilla, supported by billionaire investor Peter Thiel. Some believe that Ethereum will eventually be Wall Street’s favorite blockchain to build on, which is burning the demand for his native token.
As a result, Ether has surpassed Bitcoin this year, which is approx. 45% since the beginning of 2025, while the largest cryptocurrency has risen 25%. Some other Ethrelated Symbols, such as Lido (LDO) and ethena also enjoyed the benefit of ETH’s Swift Rally.
