Ethereum Price Hits All-Time High as Bitcoin Steadies Around $113,000
The crypto market diverged over the weekend, with Bitcoin stabilising near $113,300 after falling below $112,000 on whale selling, and Ethereum hitting a record $4,953 before settling near $4,760. Analysts said Fed Chair Jerome Powell’s Jackson Hole remarks on a potential September rate cut spurred optimism, while heavy ETH withdrawals from exchanges and corporate accumulation by treasury firms supported the rally. Dogecoin showed bullish signs, while XRP stabilised. Ethereum remains positioned to challenge the $5,000 mark.
