Ethereum Surges 10%, Hits All-Time High On Coinbase After Powell’s Jackson Hole Speech
Ethereum (ETH) soared more than 10% in the last 24 hours to reach a new all-time high (ATH) on Coinbase after Federal Reserve Chair Jerome Powell hinted at possible interest rate cuts during a speech at the Jackson Hole summit. The leading altcoin’s price crossed above $4,867 on the US crypto exchange for the first time since November 2021. ETH just hit a new all-time high. That's it. That's the tweet. pic.twitter.com/wmBW7mP5Fp — Coinbase 🛡️ (@coinbase) August 22, 2025 Following the surge, the Ethereum price has pulled back slightly to trade at $4,737.54 as of 1:05 a.m. EST, according to data from CoinMarketCap. Despite reaching a record peak on Coinbase, both CoinMarketCap and CoinGecko show that ETH’s ATH still stands at $4,891.70. Powell Hints At Possible Interest Rate Cut Speaking at the Jackson Hole summit yesterday, Powell said a ”shifting balance of risks may warrant adjusting our policy stance,” sending markets on a...