Overview

• Ethereum jumped nearly 15% after Jerome Powell’s Jackson Hole remarks put a September rate cut in play, stalling just below the prior record near $4,878.
• Derivatives volatility spiked as more than $259 million in ETH shorts were liquidated and total ETH liquidations topped about $340 million over 24 hours, according to CoinGlass data reported by Decrypt.
• Rate‑cut odds rose from roughly 70% to 89% following Powell’s speech, and ETH traded around $4,770 to $4,780 after a brief pullback, Coindoo reported.
• Chart watchers highlight a daily bull flag with a breakout zone near $4,800, upside targets discussed around $5,000 to $5,500, and key support near $4,100.
• A reported BlackRock sale exceeding $254 million provided a counterpoint to bullish flows, while ETF subscriptions and corporate treasury purchases continued to underpin demand; Coindoo estimated the rally added about $65 billion to ETH’s market value to roughly $582 billion.