Ethereum (ETH) experienced a notable price rally in late August 2025, surpassing multiple price milestones and reaching new all-time highs. On August 22, ETH reclaimed the $4,500 level and quickly advanced above $4,600, $4,700, and $4,800 within hours. By the evening of August 22, ETH achieved a new all-time high (ATH) of $4,880, marking its first ATH since 2021. The upward momentum continued into August 24, when ETH broke the $4,900 threshold for the first time in history, reaching an intraday high of approximately $4,955. This surge was partly attributed to Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium, where he hinted at potential interest rate cuts, boosting market sentiment. On August 25, ETH briefly hit a new ATH of $4,955 before experiencing a sharp correction, falling nearly 7% to around $4,453, with its market capitalization declining from $600 billion to $539 billion. Despite the pullback, Ethereum maintained strong price levels, reclaiming $4,600 by August 26. The rally has sparked renewed optimism about Ethereum's price discovery phase, with some market participants anticipating further gains toward $5,000 and beyond. Additionally, the cryptocurrency HYPE also reached a new ATH above $50 after months of consolidation, with notable accumulation by major holders.