Ethereum Hits New High After Jackson Hole: Is the Next Leg Starting?
🔑 Key Takeaways Ethereum surged 14% to close at $4,845 after Fed Chair Powell hinted at rate cuts during Jackson Hole. ETH has gained ~45% YTD , outpacing Bitcoin’s ~25% . Rally powered by institutional inflows and corporate treasury allocations. Source: Wall Street Journal 🗞 Main Story Jerome Powell’s dovish tone at the Jackson Hole Economic Symposium was interpreted as a signal for upcoming rate cuts . Markets responded instantly—Ethereum led with a record high close, while Bitcoin posted more modest gains. Institutional investors and corporates are increasingly treating ETH not just as a speculative asset, but as strategic treasury infrastructure . Chart: TradingView 🔬 Expert Opinions Peter Thiel (Venture Capitalist) : “Ethereum is increasingly viewed as Wall Street’s default blockchain layer .” Manuel Villegas (Analyst, Julius Baer) : “Crypto remains highly correlated with equities ; dovish Fed commentary can fuel sy...