Ethereum has surged over 250% from April lows, reaching a new record high of $4,867. Federal Reserve Chair Jerome Powell’s dovish stance is boosting ETH prices, with Bitcoin’s market share falling below 60% for the first time since March. ETH ETFs attracted $287.60 million in new capital on Aug. 21, managing over $12.12 billion in assets. Corporate ETH treasury holdings have soared to $29.75 billion, reflecting a shift towards viewing Ether as a utility-rich reserve asset. Standard Chartered raises its year-end ETH price target to $7,500, with some analysts predicting a price of $13,000 in the near future. The decline in Bitcoin dominance below 60% signals a rotation of capital into altcoins, particularly large-caps like Ether. Ethereum-focused investment products attracted $2.86 billion in the week ending Aug. 15, outperforming Bitcoin inflows. ETH fund holdings have increased by $2.96 billion in August, while BTC products saw $21 million in outflows.

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