Key takeaways:
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ETH surged 13% on Friday after Federal Reserve Chair Jerome Powell’s dovish Jackson Hole speech hinted at an rate of interest reduce in September.
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Onchain and technical indicators sign Ether’s potential to hit $6,000 within the quick time period.
Ether’s (ETH) value displayed power on the Wall Street open on Friday, rising 13% to $4,788 following Federal Reserve Chair Jerome Powell’s Jackson Hole speech.
ETH value rallied from $4,200 inside minutes, reclaiming $4,600, a degree that has suppressed the value over the past seven days, per information from Cointelegraph Markets Pro and TradingView.
This efficiency follows Powell’s Jackson Hole speech, the place he hinted at a possible rate of interest reduce in September, signaling a dovish stance that boosted market optimism.
Interest price reduce odds for the Sept. 17 FOMC assembly have now jumped to 91.5% from 75% a day prior, in accordance with the CME Group Fedwatch software.
This provides to the encouraging bullish sentiment that might probably drive ETH to new highs.
ETH crosses $4,600 with a “god candle,” mentioned analyst Elisa in response to Ether’s response, including:
Several bullish indicators counsel that ETH is well-positioned to escape towards contemporary all-time highs within the following days or perhaps weeks.
Continued spot ETF inflows again ETH value upside
One issue supporting Ether’s bull argument is persistent institutional demand, mirrored by important inflows into spot Ethereum exchange-traded funds (ETFs).
Spot Ether ETFs noticed $287.6 million in inflows on Aug. 21, breaking a four-day outflow streak. These funding merchandise have seen internet inflows totaling $2.55 billion month-to-date as per information from Farside Investors.
As Cointelegraph reported, Ether continued dominating world exchange-traded merchandise (ETPs) final week, with inflows totaling $2.9 billion, marking rising investor urge for food for the altcoin ETPs.
Related: EU exploring Ethereum, Solana for digital euro launch: FT
Exchange provide plummets
ETH balances on exchanges have dropped to nine-year lows, falling to 14.9 million ETH for the primary time since July 2016, Glassnode information reveals.
The complete stability between inflows and outflows out and in of all identified alternate wallets reveals a steep decline since October 2023, when withdrawals from the buying and selling platforms started to surge. This drop accompanies a 180% rise in Ether’s value over the identical time interval.
Reducing Ether provide on exchanges might sign an incoming value rally fueled by a “provide scarcity,” which happens when robust purchaser demand meets reducing obtainable ETH, in accordance with crypto investor Crypto Virtuos.
“The quantity of $ETH held on centralized exchanges has dropped to its lowest degree in 9 years,” Crypto Virtuos mentioned in a Monday publish on X.
This implies that extra individuals are selecting to carry and stake ETH long-term, leading to much less ETH obtainable for promoting.
“Chance of a provide scarcity coming. Is ETH prepared for its subsequent large transfer?”
Bull flag breakout locations ETH value goal above $6,000
From a technical perspective, Ether’s value motion has validated a bull flag sample on the every day chart.
The bull flag resolved when the value broke above the higher trendline at $4,300. ETH may then rise by as a lot because the earlier uptrend’s peak. This places the higher goal for the altcoin at $6,150 — up 43% from the present value.
Additionally, the every day relative power index is constructive at 66. This means that the market situations nonetheless favor the upside, boosting Ether’s probabilities of reaching its bull flag goal.
Popular dealer Merlijn The Trader had a extra formidable goal for Ether, saying that breaking out of a four-year downtrend coupled with a bullish cross from the MACD on the month-to-month chart units ETH up for a rally towards $10,000.
THE $ETH BREAKOUT EVERYONE WAITED FOR.
Ethereum simply shattered a 4-year downtrend.
Monthly MACD golden cross → confirmed.This isn’t noise.
This is liftoff.Next cease: $10,000 Ethereum pic.twitter.com/Mm83ZMvCAh
— Merlijn The Trader (@MerlijnTrader) August 19, 2025
Other analysts additionally predict that Ether may attain $10,000 and past in 2025, citing institutional demand by spot Ethereum ETFs and ETH treasury firms stays notably robust, suggesting bullish market sentiment.
This article doesn’t include funding recommendation or suggestions. Every funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
