Key Takeaways:
-
ETH climbed 13% on Friday after federal reserve chair Jerome Powell’s Dovish Jackson Hole Speeal with a hint at a interest rate cut in September.
-
The Onchain and Technical Indicator signed Ether’s potential to hit $ 6,000 in a short time.
Ether (Eth) The price showed strength at the Wall Street Open on Friday, rising by 13% to $ 4,788 following a speech by federal reserve Jackson Powell’s Jackson Hole Speech.
ETH prices rally from $ 4,200 in a few minutes, recover Cointelegraph Markets Pro and Tradingview.
This performance follows the speech of the Jackson hole of Powell, in which he indicated a potential interest rate cut in September, which signaled a slippery bearing that strengthened the market.
Interest rates cut off by interest for the Sept. meeting. 17 FOMC now jumps to 91.5% from 75% a day before, according to the CME group Fedwatch tool.
This adds to the encouraging emotion of bullish that can potentially drive ETH to new highs.
ETH crosses $ 4,600 with a “God’s candle,” Says Analyst Elisa in response to Ether’s reaction, adding:
There are many signs of bullish suggest that ETH is properly positioned at Break out towards fresh all-time highs in the following days or weeks.
Continued Spot ETF Inflows Back Eth Price Reverse
One factor that supports Ether’s bull argument is the ongoing institutional demand, which is reflected by significant flow to the area Ethereum exchange-traded funds (ETFS).
Spot Ether Etfs saw $ 287.6 million in streams On August 21, a four-day flow of flow was destroyed. These investment products are detected Net inflows worth $ 2.55 billion Month-to-date as per data from Farside investors.
As cointelegraph reported. Altcoin Etps.
Related: EU Exploring in Ethereum, Solana for Digital Euro Launching: FT
Exchange supply plummets
Ethics balances in exchanges have dropped to nine-year lows, falling to 14.9 million ETH for the first time since July 2016, Glassnode data Shut up.
The total balance between flowers and streams inside and out of all known exchange wallets shows a steep decline since October 2023, when trading platforms began to move forward. This collapse was accompanied by an 180% increase in Ether’s price at the same time.
Reducing ether supply to exchanges may Signal an incoming price rally Fueled by a “lack of supply,” which occurs when strong consumer demand meets the reduction of available ETH, according to Crypto investor Crypto Virtuos.
“The $ eth value held in the centralized exchange drops to its lowest level in 9 years,” Crypto Virtuos Says In a Monday post in X.
This suggests that more people choose to handle and stake eth long-term, resulting in less available ETH for sale.
“Chances of a supply deficiency.
Bull Flag Breakout puts ETH’s target price over $ 6,000
From a technical point of view, the ether price action has proven a Bull flag pattern on the sun -day chart.
The bull flag was resolved when the price above the upper racing of $ 4,300 was broken. ETH can increase as of as the height of the previous uptrend. It puts the upper target for altcoin at $ 6,150 – up to 43% from the current price.
In addition, the sun -day KaMag -Kaba -child index -child -child is positive at 66. This indicates that market conditions are still favored upside down, strengthening Ether’s chance of reaching the target bull flag.
Famous businessman Merlijn the businessman has a more ambitious target for Ether, saying that the release of a four -year downtrend with a bullish cross from the MACD to the monthly chart sets the ETH for a rally to $ 10,000.
The $ Eth Everyone waited.
Ethereum only broke a 4 -year downtrend.
Month MacD Golden Cross → Confirmed.This is not a noise.
It’s liftoff.Next Stop: $ 10,000 Ethereum pic.twitter.com/mm83zmvcah
– Merlin the entrepreneur (@merlijntrader) August 19, 2025
Other analysts are also predicted Ether can be up to $ 10,000 and more In 2025, mentioned Institution demand by Spot Ethereum ETFS and Eth Treasury Companies It remains noticeable as strong, suggesting the bullish market feelings.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
