Ethereum Price Rockets Towards ATH as Powell Hints at September Rate Cut: Is This the Moonshot?

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Ah, Ethereum. A shimmering jewel of the cryptosphere, gleaming ever brighter. Friday, a day like no other, saw the price of this digital marvel soar by over 13 percent, shattering a multi-year ceiling at $4,834-oh, how sweet the summit, how intoxicating the climb! In a stunning display of dominance, Ether pirouetted around Bitcoin (BTC) and other chunky altcoins during the bullish rebound of the day. A real spectacle, a poetic surge-if you will-unfolding across the North American mid-session.

The whirlwind leap in Ether’s value left behind a trail of chaos-more than $673 million in liquidation, mostly siphoned from short traders who, poor souls, had bet against this beast of a coin. Their loss, our drama. Meanwhile, the crypto market cap swelled with the vitality of a bloated river, growing more than 5 percent in the past 24 hours, now floating at a handsome $4.12 trillion. Oh, how grand!

Why Did Ethereum Outshine the Crypto Universe, You Ask?

Oh, the answer is as deliciously simple as a plot twist in a Dostoevsky novel. It was none other than the words of Fed Chair Jerome Powell, who, with the elegance of a silver-tongued oracle, hinted-nay, suggested-that a rate cut could be in the cards come September. A light breeze that sent Ether’s sails into the heavens, propelled by the wind of Powell’s forecasts.

The surge, of course, wasn’t just some fluke. The whales were back. Yes, those great behemoths of finance, the institutional investors, had decided that Bitcoin was too passé, too last season. BlackRock, ever the leader of the pack, orchestrated a move that saw capital pivot from Bitcoin to Ethereum’s ETFs. A bold, calculated waltz through the market. On Thursday, BlackRock’s IBIT recorded a net outflow of $127 million (a small loss, but a graceful one, like a swan’s final dive). Meanwhile, its ETHA ETF enjoyed a net inflow of $233 million. The net result? A staggering cumulative net inflow of $12 billion. There, in those figures, lies the subtle art of capital rotation. Too poetic, no?

The Road Ahead: Midterm Targets

Now that the price has soared, one must ask: where to next? Well, my dear reader, the horizon looks clearer than a freshly scrubbed window. Ethereum has little to no resistance ahead; it’s like a spaceship shooting through the stratosphere with no gravity to slow it down. The rotation of capital from Bitcoin to Ethereum is a trend that shows no signs of abating, and thus, the price is poised to enter its price discovery phase, exploring new and uncharted territory.

$ETH IS ABOUT TO BREAK ITS ALL-TIME HIGH.

– Miles Deutscher (@milesdeutscher) August 22, 2025

But, ah, what’s this? A word of caution. A potential consolidation could cool things off for the leveraged traders, those brave (or foolish) souls who gamble too much with too little caution. A brief pause, a breath, and then-oh, yes, the parabolic rally will commence. Just you wait. The show is far from over, my friend. 🎭🚀

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2025-08-22 23:19