On August 23 at the Jackson Hole Symposium, Fed Chair Jerome Powell stated that economic risks are shifting and the Fed has “no preset course,” emphasizing flexibility based on employment and inflation data. While inflation continues to ease, uncertainty remains in services prices and labor markets. Powell noted that if data keep signaling a slowdown, policy could be nearing a turning point—drawing market focus back to the September FOMC meeting.
In crypto, broad gains followed the remarks, with ETH reaching a new all-time high. On the monthly chart, ETH is testing the $4.70K–$4.80K supply/liquidity zone, with liquidation clusters near $4.5K and strong absorption between $4.20K–$4.35K. Secondary support lies near $3.75K.
Bitunix Analyst’s View: Powell’s clear “data-dependent” signal leaves policy uncertain, with markets likely to reprice rate-cut expectations repeatedly. Key indicators include the USD, Treasury yields, and September FOMC outlook. For ETH, avoid emotional chasing near the $4.70K–$4.80K high-liquidity zone. Prioritize mid-to-long-term allocation and risk budgeting. Pullbacks into $4.20K–$4.35K may represent healthy rotation zones to reassess capital flows.
