Powell finally loosened his mouth and let the dove go.

The interest rate cut expectations that just dropped in September have been pulled back again.
Ethereum has recovered all the pullbacks from the previous two weeks.
After taking this reassurance from Powell, the market is likely to touch historical highs in the near term and then enter a phase of high-level fluctuations.
It seems that there shouldn't be any major spike pullbacks in the near term.
However, Powell has always liked to play Tai Chi.
There is still nearly a month until 9.18.
So there is a probability that there might be a pullback again one day if someone slips up in the middle.
Now we mainly wait for the interest rate meeting on September 18th next month.
Indeed, the degree of unity among the troops currently depends entirely on the market's expectations of interest rate cuts.
#降息 ETH #Powell speech