Key takeaways:<\/strong><\/p>\n ETH surged 13% on Friday after Federal Reserve Chair Jerome Powell\u2019s dovish Jackson Hole speech hinted at an interest rate cut in September.<\/p>\n<\/li>\n Onchain and technical indicators signal Ether\u2019s potential to hit $6,000 in the short term.<\/p>\n<\/li>\n<\/ul>\n Ether\u2019s (ETH<\/a>) price displayed strength at the Wall Street open on Friday, rising 13% to $4,788 following Federal Reserve Chair Jerome Powell\u2019s Jackson Hole speech.<\/p>\n ETH price rallied from $4,200 within minutes, reclaiming $4,600, a level that has suppressed the price over the last seven days, per data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>.<\/p>\n This performance follows Powell\u2019s Jackson Hole speech, where he hinted at a potential interest rate cut in September, signaling a dovish stance that boosted market optimism.\u00a0<\/p>\n Interest rate cut odds for the Sept. 17 FOMC meeting have now jumped to 91.5% from 75% a day prior, according to the CME Group Fedwatch tool<\/a>.<\/p>\n This adds to the encouraging bullish sentiment that could potentially drive ETH to new highs.<\/p>\n ETH crosses $4,600 with a \u201cgod candle,\u201d said<\/a> analyst Elisa in response to Ether\u2019s reaction, adding:<\/p>\n Several bullish signs <\/a>suggest that ETH is well-positioned to break out toward fresh all-time highs<\/a> in the following days or weeks.<\/p><\/blockquote>\n One factor supporting Ether\u2019s bull argument is persistent institutional demand, reflected by significant inflows into spot Ethereum exchange-traded funds<\/a> (ETFs).<\/p>\n Spot Ether ETFs saw $287.6 million in inflows<\/a> on Aug. 21, breaking a four-day outflow streak. These investment products have seen net inflows totaling $2.55 billion<\/a> month-to-date as per data from Farside Investors.<\/p>\n As Cointelegraph reported<\/a>, Ether continued dominating global exchange-traded products (ETPs) last week, with inflows totaling $2.9 billion, marking growing investor appetite for the altcoin<\/a> ETPs.<\/p>\n Related: <\/strong><\/em>EU exploring Ethereum, Solana for digital euro launch: FT<\/strong><\/em><\/a><\/p>\n ETH balances on exchanges have dropped to nine-year lows, falling to 14.9 million ETH for the first time since July 2016, Glassnode data<\/a> shows.<\/p>\n The total balance between inflows and outflows in and out of all known exchange wallets shows a steep decline since October 2023, when withdrawals from the trading platforms began to surge. This drop accompanies a 180% rise in Ether\u2019s price over the same time period.<\/p>\n Reducing Ether supply on exchanges may signal an incoming price rally<\/a> fueled by a \u201csupply shortage,\u201d which occurs when strong buyer demand meets decreasing available ETH, according to crypto investor Crypto Virtuos.<\/p>\n \u201cThe amount of $ETH held on centralized exchanges has dropped to its lowest level in 9 years,\u201d Crypto Virtuos said<\/a> in a Monday post on X.\u00a0<\/p>\n This implies that more people are choosing to hold and stake ETH long-term, resulting in less ETH available for selling.\u00a0<\/p>\n \u201cChance of a supply shortage coming. Is ETH ready for its next big move?\u201d<\/p><\/blockquote>\n From a technical perspective, Ether’s price action has validated a bull flag<\/a> pattern on the daily chart.<\/p>\n The bull flag resolved when the price broke above the upper trendline at $4,300. ETH could then rise by as much as the previous uptrend\u2019s height. This puts the upper target for the altcoin at $6,150 \u2014 up 43% from the current price.<\/p>\n Additionally, the daily relative strength index<\/a> is positive at 66. This suggests that the market conditions still favor the upside, boosting Ether\u2019s chances of reaching its bull flag target.<\/p>\n Popular trader Merlijn The Trader had a more ambitious target for Ether, saying that breaking out of a four-year downtrend coupled with a bullish cross from the MACD on the monthly chart sets ETH up for a rally toward $10,000.<\/p>\n THE $ETH<\/a> BREAKOUT EVERYONE WAITED FOR.<\/p>\n Ethereum just shattered a 4-year downtrend. This isn\u2019t noise. Next stop: $10,000 Ethereum pic.twitter.com\/Mm83ZMvCAh<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) August 19, 2025<\/a><\/p><\/blockquote>\n Other analysts also predict that Ether could reach $10,000 and beyond<\/a> in 2025, citing institutional demand<\/a> through spot Ethereum ETFs<\/a> and ETH treasury companies <\/a>remains notably strong, suggesting bullish market sentiment.<\/p>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n <\/div>\n\n
Continued spot ETF inflows back ETH price upside<\/h2>\n
Exchange supply plummets<\/h2>\n
Bull flag breakout places ETH price target above $6,000\u00a0<\/h2>\n
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Monthly MACD golden cross \u2192 confirmed.<\/p>\n
This is liftoff.<\/p>\n