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Ethereum Sets New High on Coinbase After Powell’s Dovish Jackson Hole Signal

Rising odds of a September rate cut near 75% lifted institutional interest in ETH.

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Overview

  • ETH briefly topped its prior peak on Coinbase on Friday before easing, with exchange data showing a pullback after the intraday record.
  • Fed Chair Jerome Powell said the balance of risks may warrant adjusting policy, and CME FedWatch placed the chance of a 25 bps cut at about 75%.
  • Price records differed across trackers, as CoinMarketCap and CoinGecko still listed an all‑time high near $4,892, underscoring venue variation.
  • Lookonchain reported that Trump‑linked World Liberty Financial bought 1,076 ETH for about $5.025 million USDC, and a dormant BTC whale rotated roughly 300 BTC proceeds into ETH.
  • BitMEX co‑founder Arthur Hayes projected $10,000–$20,000 for ETH this cycle and has added to holdings, while sustained ETF inflows and large corporate treasuries continue to support demand.