Federal Reserve Chairman Jerome Powell's dovish remarks at the Jackson Hole meeting on August 22, 2025, have sparked a rally in the crypto market. Powell hinted at a potential 25 basis point rate cut in September, boosting risk assets and pushing the total crypto market capitalization back to $4.1 trillion. Ethereum (ETH) surged 14.33% in a single day, reaching a record high of $4,956. This rise has been accompanied by increased interest in Layer 2 and staking sectors, as well as a notable shift from Bitcoin to Ethereum among large holders. Market analysts, including Arthur Hayes, suggest that ETH could climb to $10,000–$20,000 if it surpasses its previous highs. Despite the optimism, caution persists due to potential market over-exuberance and the need for data validation.