One word from Powell, is ETH going to plunge?
"Don't treat the Federal Reserve as a savior!" Arthur Hayes wakes people from their dreams with this statement.
He bluntly states: betting on a 50 basis point rate cut from the Federal Reserve at this moment is like dancing on the edge of a knife. If Powell takes a hawkish stance at the Jackson Hole annual meeting, the market might replay the collapse scenario of 2022, and $ETH might first drop back to 4000 before rebounding.
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