#ETHBreaksATH

Today, Ethereum (ETH) achieved a new record closing at $4,845 and reached a peak during the trading session at $4,882, surpassing its highest price from November 2021.

This strong performance came after statements from the Federal Reserve Chair at Jackson Hole, which reignited expectations for a potential interest rate cut in the near future.

Quick Summary:

New: Highest closing in history — $4,845

Trading session peak: $4,882

Catalyst: Renewed focus on interest rate cuts

Impact: Increased support from institutions and significant investments in ETH

Do our technical signals indicate a continuation of momentum? Do you expect ETH to be pushed to levels of $5,000, or perhaps more?