Ethereum News Today: Ethereum Hits New All-Time High Above $4,870 as Fed Turns Dovish, ETFs Drive Bullish Momentum
Key Takeaways:ETH breaks past $4,867, surpassing its November 2021 record.Price is up 250% from April lows, fueled by dovish Fed policy.$287.6M in Ether ETF inflows mark strong institutional demand.Corporate treasuries hold nearly $30B in ETH, adding structural support.Bitcoin dominance falls below 60%, signaling capital rotation into altcoins.ETH Crosses Record Highs After Powell’s SpeechEthereum surged past $4,870 on Coinbase Friday, setting a new all-time high and closing a chapter on the long consolidation since November 2021. The breakout followed Fed Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium, where he signaled higher odds of a 25 bps rate cut in September.ETH jumped 14% on the day, extending its rebound to 250% since April’s $1,385 low. Powell’s comments on labor market stability and restrictive policy fueled expectations of looser liquidity — a tailwind for risk assets like Ethereum.ETF Inflows and Treasury Demand Reinforce RallyInvestor flows are confirming ETH’s strength:On Aug. 21, Ether ETFs pulled in $287.6M after a four-day outflow streak, lifting total ETH ETF holdings above $12.12B.Corporate treasuries, including BitMine, SharpLink, BTCS, and GameSquare, have acquired nearly $1.6B in ETH over the past month, swelling total corporate reserves to $29.75B.Ray Youssef, CEO of NoOnes, said ETH is increasingly viewed as a utility-rich reserve asset, not just a speculative token.Analyst Targets: $7,500 to $25,000Forecasts are turning more aggressive. Standard Chartered lifted its 2025 year-end ETH price target to $7,500 (from $4,000), projecting $25,000 by 2028.Hyblock analysts noted that ETH’s rally is supported by real demand absorbing OG supply, unlike past tops where early investors capped momentum. With ETF inflows, treasury adoption, and supportive U.S. regulation under the GENIUS Act, ETH may be in what they called a “perfect storm.”Bitcoin Dominance Declines as “Altseason” BeginsEthereum’s surge coincides with a drop in Bitcoin dominance below 60%, the lowest since March. At its yearly peak, BTC commanded 66% of crypto market share.This shift signals a rotation into altcoins, with ETH leading large-caps. According to CoinShares, ETH-focused products saw $2.86B in inflows in mid-August, compared to Bitcoin’s $552M. Month-to-date, ETH funds added $2.96B, while BTC products recorded $21M in outflows.Ethereum’s breakout to new highs above $4,870 is being fueled by a dovish Federal Reserve, record ETF inflows, and surging corporate treasury adoption. With Bitcoin dominance falling and altcoin season taking shape, analysts say the stage is set for ETH to test $5,000 and potentially climb toward $7,500 in the coming months.