Zooming like a rocket ship, Ethereum (ETH) is stealing the show in this end-of-the-week market recovery by smashing through the $4,800 barrier. Analysts are buzzing that an all-time high (ATH) for ETH could be just around the corner. 🚀 In a jaw-dropping move, Ethereum skyrocketed to a multi-year high of $4,834 on Friday, marking its territory with a dazzling 14% surge in just 24 hours. The fuel behind this epic blast-off? Federal Reserve Chairman Jerome Powell’s Jackson Hole speech hinting at a possible interest rate cut. 🌌 Powell’s dovish words sent shockwaves through the market, propelling Bitcoin (BTC) to $117,000 and giving Ethereum the boost it needed to breach the pivotal $4,700 mark. Talk about a power-up! ⚡ According to Jordi Alexander from Selini Capital, crypto traders were caught off guard by Powell’s unexpected dovish stance, resulting in a frenzied shake-up in the market. It’s like the Wild West out here! 🤠 Meanwhile, Joseph Chalom from SharpLink Gaming chimed in, echoing the sentiment that Powell’s speech is sending the markets into a frenzy of excitement. Will September bring the much-anticipated rate cuts? The suspense is killing us! 🎲 But wait, there’s more! Analyst Crypto Jelle spotted a bullish wedge formation on ETH’s chart, pointing to a breakout towards $4,800. With today’s surge, he’s eyeing a potential retest of the ATH at $4,878. Are we witnessing the birth of a new crypto legend? 🦄 And let’s not forget about Ted Pillows, who predicts some turbulence post-Powell but remains optimistic about a massive ETH rally coming our way. Buckle up, folks – it’s going to be a wild ride to the moon! 🌕 As of now, Ethereum is cruising at $4,799, marking an electrifying 32.6% surge in just a month. Keep those seat belts fastened, crypto cowboys and cowgirls – the adventure is far from over! 🤑🌠
Ethereum (ETH) Rockets Above $4,800 in Epic Market Bounce – Moon Landing Ahead?
