Eyes on ETH ATH 👀

The price of Ethereum skyrocketed Friday following Fed Chair Jerome Powell's comments. Now it's less than $100 away from smashing the 2021 record.

Author

Andrew Hayward
August 22, 2025

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📝 What you need to know

Ethereum could end the week with a bang, as it currently sits less than $100 away from the all-time price record set all the way back in November 2021.

The price of ETH has now more than doubled in the last two months, though it was trending down earlier this week following a market-wide dip, falling below the $4,100 mark. But on Friday, ETH led the crypto market surge after Federal Reserve Chair Jerome Powell’s comments suggested that an interest rate cut could be in the cards.

ETH has skyrocketed on the day, currently up nearly 14% in the last 24 hours at a price of $4,810. That’s not far from the 2021 record of $4,878, according to CoinGecko, and Friday’s massive swing has triggered some $265 million in ETH short liquidations.

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💬 Quote of the Day

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“The baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

Fed Chair Jerome Powell suggests a rate cut could be imminent, pleasing markets

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