Ether Loses Powell Speech Pump but $10,000 ETH Price Target Remains in Play ⋆ ZyCrypto
The post Ether Loses Powell Speech Pump but $10,000 ETH Price Target Remains in Play ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  Ethereum (ETH) has retraced its steps and fallen around 10% in value over the last few days, following a new All-Time High (ATH) of $4,930 recorded earlier in the week. The second-largest cryptocurrency by market capitalization’s fall to $4.6k has triggered even heavier losses in the altcoin market, with only a few coins like Solana managing to hold onto earlier gains. Jerome Powell’s Rate Cut Speech Pump is Over Ethereum has officially receded from its high level and lost all the pump it had managed from Fed Chairman Jerome Powell’s recent Jackson Hole speech. The comments from the central bank’s top executive indicated that the regulatory organization was considering a rate cut, and the market responded immediately; however, the move appeared to be short-lived. According to popular crypto analyst Ted, the pump from Jerome Powell’s rate cut suggestion is now over, but the long-term goal of a $10,000 Ethereum is still in place. He tweeted: “$ETH has fully retraced Powell’s Jackson Hole speech pump. This doesn’t happen during market strength and people need to understand it. Advertisement
  Once data turns in favour of markets, I’ll become bullish. Remember, I’m not long-term bearish but only short-term bearish. Ethereum to $10,000 is programmed this cycle.” Crypto Market Rejects Powell’s Hints at Low Interest Rate The indication from the market is that it didn’t buy Powell’s hint at lowering the interest rate in the USA. He is currently under immense pressure from President Donald Trump, who believes that Powell is deliberately slowing down the economy. Powell, on the other hand, has repeatedly asserted that inflation remains relatively high in the country, and the overall economic situation is precarious, to put it mildly. This is why he is not taking Trump’s directives in this regard, and he is legally entitled…
Filed under: News - @ August 31, 2025 8:29 pm