Bullish Continuation or Bearish Reversal Next?
The post Bullish Continuation or Bearish Reversal Next? appeared on BitcoinEthereumNews.com.
The Ethereum price has hit a new all-time high on Friday following Fed Chair Jerome Powell’s dovish Jackson Hole speech. ETH formed a near 15% daily candle on Friday, trading as high as $4,885. Analysts remain divided on whether Ethereum’s next move will be a bullish continuation or a bearish reversal. While the bulls claim that $6,000 will come sooner than expected, others are anticipating a pullback. A mix of bearish technicals and Ethereum’s historical price behaviour around Jackson Hole events reveals why sidelined investors should be cautious of buying at its all-time high. Nevertheless, the largest altcoin remains one of the best large-cap cryptos to buy today. Ethereum price predictions from a broad group of analysts are now indicating $10,000 as a consensus price target for 2025. ETH ecosystem coins are also in high demand. Ethereum Name Service, Lido DAO, Ethena and Arbitrum are among the top crypto gainers on Friday, while low-caps like TOKEN6900 are generating significant hype as well. Ethereum Price Prediction: Why Interested Buyers Need To Be Careful? The bullish thesis for Ethereum is playing out perfectly. Owing to it being the settlement layer for stablecoins, as well as the aggressive accumulation from treasury firms and whales, ETH is showing explosive bullish strength, hitting a new all-time high on Friday. The largest ETH treasury firm BitMine’s Chairman Tom Lee has called the ongoing rally and Wall Street adoption, Ethereum’s 1971 moment. For the uninitiated, the US Dollar was removed from the gold standard in 1971, which unleashed decades of financial innovation. So @fundstrat says $ETH is having its 1971 moment. When the US ended the gold standard it forced Wall Street to invent a synthetic dollar. That unleashed decades of new financial innovation. Now a new shift is happening… but bigger! pic.twitter.com/pYXtEtL0NQ — Milk Road (@MilkRoadDaily)…
Filed under: News - @ August 23, 2025 6:24 am