Ethereum Leads a Market-Wide Rally After Powell’s “Dovish” Jackson Hole Speech

• Analyst Michaël van de Poppe correctly warned traders against buying the top near ETH’s $4,800 high
• He then identified the $4,100-$4,200 zone as the key dip-buying area, which held perfectly
• A dovish Powell speech then ignited the rally from this exact zone, validating the entire strategy

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 $4891.70. 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 clear warning 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.

Risk Higher at the Top

Instead of chasing the hig…

The post Ethereum Leads a Market-Wide Rally After Powell’s “Dovish” Jackson Hole Speech appeared first on Coin Edition.