$ETH #Crypto Market Pullback#

The cryptocurrency market is experiencing a significant pullback after reaching an all-time high in August 2025. Although the total market capitalization has reached approximately $3.86 trillion, a general correction has been observed in recent days, with daily fluctuations between 1-2%. Bitcoin (BTC) has fallen 9-10% from its peak of $123,000 and is currently around $113,500.

Main Reasons

After last week's rebound, profit-taking has occurred.

Macroeconomic Factors: Expectations of "high interest rates persisting for some time" before Federal Reserve Chairman Powell's #Jackson Hole Meeting# speech are limiting liquidity and affecting speculative assets.

Risk Aversion Mode: General risk aversion, due to its correlation with technology stocks, is dragging down crypto assets.

Historical Trends: The period from August to September after halving has shown similar corrections.

Affected Assets and Trends

Assets like BTC and Ethereum (ETH), as well as XRP in particular, are declining; however, Chainlink (#LINK#) is showing a 9% daily increase, demonstrating strong resilience. This may create buying opportunities as it approaches the support level ($108,600), especially in a bull market; institutional investors are increasing their positions.

Future Outlook

Despite the Fear and Greed Index being at 64 (Greed), the bull market of 2025 may continue to be driven by institutional demand (such as ETFs). Investors should remain patient with volatility and monitor whale movements (for example, ETH purchases). Powell's speech is crucial in the short term; in the long term, optimism prevails.