Old school commodity trader Peter L. Brandt, who has been in the trading business since the mid-1970s, and is now also into Bitcoin, has commented on the new historic price peak.

He has many times criticized ETH but admitted that, as a trader, he would still trade it, regardless of his attitude to it as an asset.

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Fri, 08/22/2025 - 20:59 Breaking: Ethereum (ETH) Suddenly Hits New ATH for the First Time Since 2021ByAlex Dovbnya

"Powerful" ETH surge to new ATH

Sharing an X post by an X user, Cheds Trading, which contains a breakout pattern of ETH on a TradingView chart, Brandt wrote just a single word: “Powerful.” The second-largest cryptocurrency shows a 15%+ price surge within a single day, jumping from $4,238 to $4,885 and thus hitting a new historic price peak.

The previous one was reached in November 2021. This time, Ethereum logged a massive surge after the head of the Federal Reserve, Jerome Powell, announced that a rate cut would take place next month. The crypto market reacted immediately. However, the Bitcoin dominance slipped to 56.5% and Ethereum smashed a new all-time high. At press time, Ethereum is trading at $4,739.

Powerful https://t.co/L5N0ObKmqj

As for BTC, it also went up, adding 4.6% and hitting $117,420 thanks to a massive green candle. By now, Bitcoin has slightly rebounded and is changing hands at $115,700.

Coinbase CEO, Brian Armstrong, also highlighted the new historic price surge demonstrated by Ethereum, posting a tweet about this and congratulating the community.

Happy ETH all time high to all those that celebrate!

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