Ethereum Breaks Record, Nears $5,000

Dollar Struggles After Powell’s Pivot and Markets Eye Nvidia, Fed Signals

Ethereum Breaks Record, Nears $5,000

Ethereum (ETH) broke through its previous record, touching nearly $4,950 this week as bullish momentum accelerated across the crypto market. The rally was fueled by three key drivers. First, institutional inflows into newly launched spot Ethereum ETFs surged, with assets under management now exceeding $30 billion. Second, Federal Reserve Chair Jerome Powell’s dovish remarks on potential rate cuts spurred risk-on sentiment, igniting an 8% spike within hours. Finally, regulatory clarity—ranging from SEC guidance on staking to the U.S. Genius Act stablecoin framework—bolstered investor confidence.

Looking ahead, analysts caution that ETH may face near-term volatility. On-chain metrics show elevated profit-taking risk, suggesting a potential pullback. Yet long-term fundamentals remain strong: rising transaction volumes, declining exchange supply, and increasing institutional adoption point to resilience. A sustained breakout above $5,000 could set the stage for Ethereum’s next leg higher—potentially reshaping crypto’s leadership in the months ahead.

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