Ethereum (ETH), ever the rebellious darling of altcoins, has performed one of its customary dramatic entrances by breaking boldly from a bull flag. Since April, $ETH dominance has pirouetted up from a paltry 7% to a more respectable 13.75%. Yet, like any well-plotted dinner party, all eyes turn nervously to Federal Reserve’s Chairman Powell, whose speech could, with the flair of an undesirable relative, put a stop to the festivities-if, heaven forbid, rate cuts are struck from the menu. 🦚
Will Powell extinguish the $ETH soirée?
Should fortune favour Ethereum, history sings that the crypto banquet as a whole enjoys a more robust dessert course. When $ETH leads the conga line, the altcoins dust off their dancing shoes and follow-never ones to miss an invitation. But, my dear reader, just as the guests begin to relax, there comes a looming figure named Jerome, holding the metaphorical raincloud: if he slams the door on rate cuts in his Jackson Hole address, watch as $ETH, Bitcoin, and their crypto companions retreat to the pantry for a bout of corrective navel-gazing. 🍷
ETH dominance rampages (and forgets its manners)
On the weekly chart-see exhibit A above-ETH dominance has been rampaging since April, quite forgetting all decorum. Yet, a formidable resistance stands at 14%. If the $ETH bulls decide to storm the gates, the next rendezvous points are 16%, 18%, and, if they’re feeling particularly audacious, 20%-which would be terribly brash even by Wildean standards. 🦄
$ETH breaks out of bull flag (the band plays on)
Observe the 4-hour chart above-$ETH has gallantly broken out and confirmed for now, much like a young aristocrat declaring love in a crowded ballroom. The bulls are now jousting at $4,325, that most subtle of resistances. The Stochastic RSI threatens to pop the champagne cork, while the RSI indicator slyly surmounts its descending trendline. The stage is set: next act, please. 🥂
$ETH all-time high-like Gatsby’s green light, always in sight
On the weekly view, $ETH flirts tantalizingly with its all-time high. The latest rally paused somewhat bashfully below that threshold but found comfort, as all good prices do, at the $4,300 faintly horizontal support. The Stochastic RSI capers at the top, the MACD lines sashay upward, all creating a tableau worthy of a Wilde play-full of suspense and a dash of impudence. 🎩
Powell: More champagne, or send everyone home?
In a mere three hours, Jerome Powell will decide if $ETH gets a fresh burst of excitement or if the party ends and everyone feigns yawns before sneaking off to check their phone. Will his words fuel the next dash for an all-time high, or will they dispatch ETH, Bitcoin, and the cryptocracy to the powder room for a quiet sulk? 🍸🤔
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2025-08-22 14:16