A dovish-perceived speech from Federal Reserve Chair Jerome Powell has ignited the crypto market, sending Ethereum roaring back towards its all-time high of . ETH rally has perfectly validated the recent trading strategy laid out by analyst Michaël van de Poppe, who had called for a pullback before the next major leg up.
A dovish-perceived speech from Federal Reserve Chair Jerome Powell has ignited the crypto market, sending Ethereum roaring back towards its all-time high of . ETH rally has perfectly validated the recent trading strategy laid out by analyst Michaël van de Poppe, who had called for a pullback before the next major leg up.
Just six days ago, as Ethereum pushed toward $4,800, van de Poppe issued a against buying into the frenzy. He pointed out that ETH had surged over 120% in under two months and looked “overextended,” suggesting investors should take partial profits rather than open new long positions.
According to his analysis, this level represents a zone where Ethereum could stabilize before making another upward move. In his view, this offers a more favorable entry than chasing the highs.
Massive Bounce from a “Strong Support Block,”
ETH Revenge Rally is Next
Van de Poppe stressed the importance of securing gains to avoid holding through heavy corrections. Selling a portion, such as 30% after a rally, could cushion losses and provide liquidity to reaccumulate at lower levels.
The trigger for this explosive bounce from the support zone was Jerome Powell’s . While the details are still being digested, the market’s immediate reaction has been overwhelmingly bullish, interpreting his tone as a green light for a most probable September rate cut.
This has sent a wave of capital back into risk assets, confirming that the recent dip was a pre-catalyst consolidation rather than the start of a deeper bear trend. With bulls now firmly back in control, the next major test for Ethereum is the previous all-time high just below $4,900.
