ETH Near $4,900 ATH as Sherrod Brown Back Crypto & Spot XRP ETFs
Ethereum (ETH) don hit beta new all-time high (ATH) wey near $4,900, e deliver double-digit gains for di last 24 hours and e surge reach 220% since April low dem. Di ETH ATH rally na as e be because Federal Reserve Chair Jerome Powell talk for Jackson Hole, wey show say interest rate cuts fit happen later dis year and e squeeze di leveraged shorts. One surprise move be say U.S. Senator Sherrod Brown talk say e support cryptocurrencies, dis na rare bipartisan support we fit fit affect future regulation. Traders dey ready for di coming launch of spot XRP ETFs. Approval of Spot XRP ETFs fit bring fresh institutional money enter di XRP market and fit change altcoin portfolios. Key points be: - ETH ATH around $4,900 show say Ethereum get strong momentum. - Jackson Hole words bring back dovish Fed outlook and boost risk assets. - Sherrod Brown pro-crypto talk fit reduce regulatory wahala. - Spot XRP ETFs dey come show say big demand dey for XRP. - Dollar-cost averaging (DCA) still be good strategy for volatile market. As ETH ATH levels dey climb and Spot XRP ETFs dey near approval, traders suppose dey watch macro signals, regulation changes, and ETF filings to position for more gains.
Bullish
Dis kain news good for crypto market because ETH reach near $4,900 mean say demand strong and people dey positive. Jerome Powell signal wey be soft talk for Jackson Hole make money no too dey rise fast, and e dey normally help risk asset like Ethereum. Sherrod Brown support from different sides fit make regulation better and e go reduce wahala for policy. The Spot XRP ETFs wey go soon launch go open road for big people to enter for XRP just like how Bitcoin ETFs boost BTC money flow for 2021. For short term, dis tins fit make people dey rush buy and FOMO, and for long term e go help more people use crypto and money go inside the market.