ETH Soars as Fed Dovishness and ETFs Dance to Fortune’s Tune!

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Key takeaways:

  • Ethereum, that darling of the crypto world, has rebounded with such vigor that one might say it’s been to the gym… or perhaps just had a very good therapist. 🚀

  • Fed Chair Jerome Powell, in a rare moment of clarity, has decided to sprinkle some monetary fairy dust, sending ETH soaring as if it were a rocket fueled by optimism. 💸

  • Bitcoin, once the undisputed king of the crypto jungle, now finds itself sharing the throne-though one suspects it’s more of a throne made of sand. 🦜

Ethereum’s native token, Ether (ETH), reached a new record high on Friday, crossing above $4,867 on Coinbase for the first time since November 2021. The crowd, it seems, is cheering louder than a chorus of carolers at a Christmas party. 🎄

Ether Price: A 250% Leap Since April, Thanks to Powell’s Whispered Promises

ETH jumped by around 14% on Friday, just as Federal Reserve Chair Jerome Powell raised the odds of a 25 basis point interest rate cut in September. That brought ETH’s gains to over 250% when compared to its April low at $1,385. One might say the markets are playing a game of “hot potato” with the Fed’s words. 🎲

“The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our policy stance,” Powell said during his speech at the Jackson Hole symposium on Friday, adding:

“Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

Powell’s dovish tilt, delivered with all the gravitas of a man reading a grocery list, has sent investors into a tizzy. 🧠

ETH DATs Keep Stacking, and Powell Turns Dovish-A Match Made in Market Heaven

Ether markets, ever the social butterfly, are now fluttering into the embrace of US-based ETFs, which have been pouring in capital with the enthusiasm of a toddler at a candy store. 🦜 On Aug. 21, these funds attracted $287.60 million worth of capital, after witnessing four days of outflows.

As of Friday, Ether ETFs were collectively managing over $12.12 billion worth of assets. One might say the market has a sweet tooth for ETH. 🍰

Ethereum has also gained significant momentum through growing ETH treasury adoption by corporations. Corporations, those paragons of prudence, have been snapping up ETH with the fervor of a starving man at a buffet. 🍽️

Over the past month, corporate Ethereum treasury firms have acquired roughly $1.6 billion worth of ETH, with BitMine, SharpLink, Bit Digital, BTCS, and GameSquare among the most active buyers.

As of Friday, these holdings had ballooned to over $29.75 billion, according to data resource StrategicETHReserve.xyz. One can only imagine the boardroom banquets being planned. 🎩

Ether is increasingly being viewed less as a speculative token and more as a utility-rich reserve asset, says Ray Youssef, CEO of finance app NoOnes. “It’s the new black, darling.”

Standard Chartered, that venerable institution of finance, has raised its year-end ETH price target to $7,500 from $4,000 and $25,000 by 2028. Some analysts say that the ETH price can reach $13,000 in the coming months. One might say the future looks brighter than a disco ball in a nightclub. 🎶

According to analysts at Hyblock, market demand for ETH is likely to continue outpacing available supply. They said,

“Usually, when you get to these all-time high levels (psychological levels), you see OGs from 2012-2015 selling, and if that selling/supply isn’t met with real demand, it forms tops. We sort of saw this in the previous price tops, but right now, even if that supply does exist, there is real demand to gobble that up. ETH inflows, treasury companies (BNMR, Sharplink, etc.), along with the Genius Acts’ tailwinds on Ether, DeFi and stablecoins have created a truly perfect storm right now.”

Bitcoin’s Reign Wanes as “Altseason” Blossoms-A Tale of Two Coins

The rally in ETH has also coincided with a notable drop in Bitcoin’s market dominance. Bitcoin, once the undisputed king of the crypto jungle, now finds itself sharing the throne-though one suspects it’s more of a throne made of sand. 🏖️

As of Wednesday, Bitcoin’s share of total cryptocurrency market capitalization dropped below 60% for the first time in four months. At its yearly high, BTC (BTC) controlled 66% of the crypto market share. One might say the tides are turning, and Bitcoin is learning the art of delegation. 🏦

This shift signals capital rotation into altcoins, particularly large-caps like Ether, as traders and institutions seek higher returns. It’s the crypto version of “out with the old, in with the new”-though one wonders if the old will take it personally. 😏

Ether fund flows are also reflecting bullishness on ETH in the market.

Ethereum-focused investment products attracted $2.86 billion in the week ending Aug. 15, ahead of Bitcoin’s $552 million inflows in the same period, according to CoinShares’ weekly report. It’s the financial equivalent of a beauty contest, and ETH is stealing the crown. 👑

On a month-to-date basis, ETH fund holdings have swelled by more than $2.96 billion, while BTC products recorded $21 million in outflows. One might say the market is playing favorites-and it’s not shy about it. 🤳

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2025-08-23 00:33