Ethereum, the world’s second-largest cryptocurrency by market capitalization, is currently trading around $4,593.67. This reflects a modest decline of about $185.76, which is roughly 3.9% lower compared to its previous level. On the same day, Ethereum price saw an intraday high of $4,951.20 and an . Despite the pullback, the broader sentiment around Ethereum remains optimistic, particularly because the asset touched a new all-time high recently.
Over the past week, managed to climb almost 9%, briefly hitting $4,920, its highest level in four years. On August 24, 2025, the crypto broke through its previous record and reached a new all-time high of $4,945.60, pushing its market capitalization close to $600 billion. This rally was fueled by institutional interest, growing attention on potential ETH exchange-traded funds, and a wave of positive investor sentiment across the crypto sector.
A key driver of the rally came from global macroeconomic conditions. The Federal Reserve’s chair, Jerome Powell, recently gave dovish signals during the Jackson Hole symposium, sparking hopes for interest rate cuts.
Risk-on sentiment returned to financial markets, and cryptocurrencies such as Ethereum benefited strongly. Following Powell’s remarks, it surged more than 14%, with intraday highs near $4,882, reflecting renewed demand from both retail and institutional players.
