Ethereum Price Above $4,200 as Jackson Hole Speech Looms
Ethereum price is holding above $4,200 as investors await Federal Reserve Chair Jerome Powell’s final Jackson Hole speech. The Fed has ruled out a September rate cut amid persistent inflation and a strong labor market. Political tensions, including US tariffs, add further uncertainty. Historically, rate cuts boost risk assets like Ethereum, but without easing, liquidity may tighten and capital could shift to bonds and the dollar.
On the charts, ETH/USD consolidates around $4,300 after testing resistance near $4,600. Key technical levels include immediate resistance at $4,350–$4,400 and support at $4,100, with deeper protection at $3,650. A breakdown below $3,650 would signal a bearish reversal. However, as long as Ethereum price stays above $4,100, pullbacks are likely to be healthy corrections within the broader bullish trend.
Over the next month, traders will monitor Powell’s comments for clues on future rate policy. A hawkish tone could push ETH toward its support zones, while any hint of easing might reignite the current rally toward $4,800 and beyond.
Neutral
Ethereum price is currently supported by a strong uptrend, evidenced by higher lows since June’s rally from sub-$3,200. However, Powell’s Jackson Hole speech introduces short-term volatility risk. Similar events in past Jackson Hole meetings have triggered brief pullbacks when the Fed maintained hawkish stances. With no clear signal on rate cuts, liquidity may remain constrained, leading to sideways or mild downward corrections toward the $4,100–$3,650 support zone. Technically, a sustained break below $3,650 would mark a bearish shift, but holding above $4,100 suggests any dip is a healthy retracement within a bullish cycle. Over the long term, policy easing could reignite momentum. Therefore, the immediate impact is neutral: traders should prepare for choppy trading rather than a decisive bull or bear swing.