Jerome Powell Rate Cut Tips Jollz Ethereum Price 2021 Asteritory

A wave of optimism from Jackson Hole swept the digital asset market, with Ethereum prices leading the fees. The second largest cryptocurrency by market capitalization has skyrocketed over 14%, bringing a solid view of its record high of $4,891.

According to data from Crypto.News, Ethereum (ETH) surged more than 14% on August 22, jumping to a $4,820 deal from $4,205 a day, set four years ago, 1.5% off the all-time high of $4,891.

Token trading volume increased 95% over the past 24 hours to over $68.222 billion, reducing Bitcoin (BTC) by $79.86 billion over the same time. The original cryptocurrency rose 4% on Friday, trading hands for $116,640 at the time of writing.

As Federal Reserve Chairman Jerome Powell signaled a potential pivot in monetary policy during his keynote speech at Jackson Hole, Wyoming, saying that the current “balance of changing risks may align our policy stance,” ETH's spectacular rally came along with Federal Reserve Chairman Jerome Powell, along with the rebound of the wider crypto market.

“This is bullish for the yield curve and risk assets front-end where Bitcoin is a fast horse in the race. The doub tilt can recharge the BTC story as a hedge against Fiat's uncertainty, said Jessy Gilger, investment advisor at Bitcoin financial services company Unchained.

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Fed signals must meet the basics of Ethereum

According to Redstone co-founder Marcin Kazmierczak, the measured FRB relaxation cycle, the final catalyst that ETH will crush resistance barriers between $4,800 and $5,000 and chart the new, all-time best course, could be the final catalyst. However, he warns that Powell's intentionally prudent tone is a reminder that sustainable growth cannot rely solely on monetary policy speculation.

Kazmierczak argues that it must be fixed by continuous basic adoption. In particular, it points to the revival of robust institutional flows through spot ETFs and decentralized finance network activities. These basics provide the bedrock needed for a true breakout, not a fleeting salary.

“The convergence of institutional flows, debt activities and potential Fed accommodations create an attractive setup to reach the $5,000-6,000 range Analyst is targeting in 2025,” Kazmierczak said in a statement obtained by Crypto.news.

This bullish and basic setup encourages surprisingly optimistic predictions. Maelstrom's Chief Investment Officer Arthur Hayes predicts Ethereum's momentum could drive it to an astounding $20,000 by the end of the cycle.

In a recent interview with Crypto Banter, Hayes said: “This chart says it's getting higher. You can't compete with the market. (Ethereum) will be $10,000, $20,000 before the end of the cycle.” This bold prediction, though speculative, builds up intense and optimistic sentiment around Ethereum's potential.

Public markets are responding to a surge in ETH prices

The surge in Ethereum prices bleed into public stock markets and provided proxy for institutional Ethereum exposure. Companies with key etheric treasury that were abused at the beginning of the week amid the sale of the tech sector were higher in parallel with the price of the coin. According to CNBC data, Bitmine Immersion and Sharplink Gaming have jumped in stocks by 14% and 12%, respectively.

Still, the outlook remains layered. The ether-centric ETF snapped the streak of a four-day spill with an influx of $287.6 million on Thursday, leaving its worst weekly pace since May. The differences underscore the tension between short-term speculation and long-term allocations, revealing the question of how much institutional appetite will continue if the Fed's policy path remains uncertain.

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