Fed Cut Hope Dey Spur Inflows; Ethereum Don Set New High
People dey expect Federal Reserve to cut rate, e don make crypto market bounce waka and dem dey see more money enter from institutions. Investors dey move their money enter risk assets; Bitcoin (BTC) and Ethereum (ETH) dey get plenty new money. ETH don reach new highest level plus more trading volume. Fed Chair Jerome Powell talk for Jackson Hole say dem fit cut interest rate as early as September, e reduce policy wahala and dem mean say people go change their portfolio to high growth assets. Dem still talk say secondary money dey go altcoins like ZORA, BIO, AAVE and TON. On-chain numbers show say transactions and gas use for Ethereum network don increase. Traders suppose dey watch macro data (CPI, PCE, payrolls) and on-chain flow signs to know if the rally go last. For short time, the high volatility fit bring better chance to trade, and if monetary easing continue, e fit help Ethereum and other risk assets to climb more.
Bullish
Expectations for Fed rate cuts don make institutional demand increase, wey push Ethereum reach new heights and boost overall crypto market sentiment. Like the post-2020 easing cycle, less policy uncertainty and lower borrowing costs usually encourage risk-on investments, wey dey raise asset prices. Institutional money entering Ethereum and other cryptocurrencies dey show strong buy-side belief. Short term, traders fit expect increase volatility and momentum-driven rallies, wey fit bring good chances for entering and exiting. Long term, sustained easing with rising on-chain activity fit support further gains, wey confirm bullish outlook for Ethereum and the wider digital asset class.