🚀 Ether Surges 10% After Fed’s Jackson Hole – ETF Holdings Hit 6.4M ETH
Ethereum (ETH) just delivered a strong bullish move, rallying 10% after U.S. Federal Reserve Chair Jerome Powell hinted at a possible rate cut in September during his Jackson Hole speech. This shift in policy stance has ignited optimism across the crypto market, especially for ETH.
✅ Key Highlights:
Record ETF Inflows: Spot ETH ETFs saw $7.88B inflows in July & August.
Massive Accumulation: ETF custodians now hold 6.42M $ETH up from 4.15M in early July.
Price Action: $ETH smashed through $4,350 resistance, touching $4,650.
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🔥 Why Did ETH Pump?
Powell’s comments signaled that the Fed may adjust rates to counter employment risks, a move that traditionally favors risk assets like crypto. The announcement triggered a 7% hourly gain for ETH, breaking its key resistance and confirming a bullish structure supported by an inverse head-and-shoulders pattern.
What’s Next?
Momentum is now bullish, with potential targets near $4,800–$4,900 if buyers maintain control.
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📈 Institutional Demand Is Exploding
Spot ETH ETFs are creating a structural demand shock:
July inflows: $5.43B
August inflows: $2.45B
Whale Growth: Over 200 new addresses hold 10,000+ ETH since July.
With liquidity tightening and ETFs locking up supply, ETH could see continued upside pressure.
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💬 What’s your ETH target for September? $5K or higher? Comment below! 👇
#Ethereum #ETH #CryptoNews #BinanceSquare #JacksonHole #ETFs
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