Ethereum, Jerome Powell
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Jerome Powell gives major speech in Jackson Hole
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Why Ethereum Jumped 13% Today
Ethereum jumped about 13% after Jerome Powell's Jackson Hole comments hinted at possible rate relief in September. Lower interest rates generally lift risk assets because cheaper capital encourages more speculative trades. Investors should expect turbulence, but Ethereum has a bright long-term future.
Ethereum trades at $4,211 after its strongest quarterly returns since 2021, with traders watching $4,500 liquidity for the next move.
Ethereum treasuries soar on dovish Fed signals, Bitcoin ETFs lose $1B, and Figure Technologies files for its IPO.
Arthur Hayes discusses his Ethereum price prediction, suggesting a retest of $4,000 if Powell delivers hawkish remarks at Jackson Hole.
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Cryptopolitan on MSNTrader Turns $125,000 into $43 Million With Ethereum
Ethereum has shown the entire crypto world its rollercoaster ride over the past few days. A trader who multiplied his original holding of $125,000 to over $43 million in four months lost almost all that money in two days,