ETH Don Soar Reach $4,800 ATH After Powell Talk For Jackson Hole
For di Jackson Hole symposium, Federal Reserve Chair Jerome Powell talk say dem go dey depend on data for how dem go take handle interest rate policy. Market quickly change how dem dey see US dollar and Treasury yield because how people dey expect rates to change.
Because of dis, Ethereum (ETH) increase reach new highest price near $4,800. Di token reach di top supply and liquidity band between $4,700 and $4,800.
Traders now dey watch key supports and places where pipo fit lose their money around $4,500, $4,200–$4,350 and about $3,750. These levels fit decide short-term price balance for ETH.
BitUnix analysts recommend make traders get strong medium-to-long-term plan. Dem advise make dem do strict risk management and no dey follow emotions when market get plenty liquidity. Traders should also dey watch macroeconomic data and funding condition to manage their Ethereum positions well well.
Bullish
Federal Reserve Chair Jerome Powell tok tok wey dey depend on data for Jackson Hole reduce di palava wey dey about early rate hikes. Dis one make people get risk-on mind and bring Ethereum go fresh all-time high near $4,800. Normally, when Fed talk soft or dey follow data, e dey help make crypto rally, like how e happen for 2020–2021. For short time, traders fit push ETH go higher inside di liquidity band wey dey now. For long time, to keep di bullish run go depend on macroeconomic reports, Treasury yields, and wetin Fed go decide for policy. So, dis news get better outlook for Ethereum and beta crypto market.