Powell’s Jackson Hole remarks lift Ethereum near 2021 peak with 9.7% daily gain. Trading volume surges 127% to $80.59B, signaling strong investor activity in ETH. Ethereum nears $5K resistance as supply, staking, and burn mechanisms shape tokenomics. Ethereum’s price surged Friday after Federal Reserve Chair Jerome Powell signaled that the central bank could consider rate cuts as early as September. The comments, delivered at the annual Jackson Hole symposium, sparked a broad rally across crypto markets and pushed Ethereum close to its 2021 all-time high. Powell Flips the Script on Rate Cuts Powell told the audience that “the shifting balance of risks may warrant adjusting our policy stance,” a statement that immediately altered market sentiment. His comments were a sharp reversal from the anxiety that had built earlier in the week, when investors had briefly pulled back after the Bureau of Labor Statistics reported a 0.9% increase in the producer price index fueling concerns that rate cuts might be delayed. Related: Ethereum Leads a Market-Wide Rally After Powell’s “Dovish” Jackson Hole Speech After his speech, CME’s FedWatch too… The post Powell’s “Balance of Risks” Quote Erases Inflation Fears and Ignites a 10% ETH Rally appeared first on Coin Edition .
