Ethereum new all-time high: ETH surged over 15% to a peak near $4,885 after a Federal Reserve rate-cut signal, driving rapid market rotation that pushed Bitcoin higher while Ethereum outperformed to record its highest price since November 2021.
ETH jumped 15%+ in one day, from $4,238 to $4,885, marking a new historic peak.
The surge followed a rate-cut announcement signal from Federal Reserve Chair Jerome Powell, sparking broad crypto market gains.
Bitcoin also rose ~4.6% to a session high near $117,420 while BTC dominance slipped to about 56.5%.
Ethereum new all-time high: ETH surges 15% to $4,885 after Fed rate-cut signal; traders react and BTC rebounds—read quick analysis and expert comments.
What caused Ethereum’s new all-time high?
Ethereum new all-time high was driven primarily by a Fed rate-cut signal that triggered immediate risk-on flows into crypto, lifting ETH more than 15% in a single session. Short-term technical breakouts and trader positioning amplified the move, producing a rapid climb from $4,238 to $4,885 and a fresh historic peak.
How did traders and market leaders react?
Veteran trader Peter L. Brandt, known for decades in commodity and crypto trading, commented on a shared TradingView breakout chart with one word: “Powerful.”
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Coinbase CEO Brian Armstrong also publicly celebrated the surge, reinforcing social momentum. These reactions helped reinforce trader confidence and contributed to higher intraday volumes. Market metrics showed Bitcoin dominance falling to ~56.5%, indicating capital rotation toward ETH.
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Source: https://en.coinotag.com/bitcoin-dominance-dips-as-ethereum-hits-new-ath-brandt-suggests-rally-may-reflect-fed-rate-cut-expectations/