ETH ‘god candle’ emerges amid Fed rate cut hopes: Is $6K Ether next?
Rising spot ETF demand, extremely strong technicals and a supply shortage could push ETH price to $6,000 before the end of 2025.
Key takeaways:
ETH surged 13% on Friday after Federal Reserve Chair Jerome Powell’s dovish Jackson Hole speech hinted at an interest rate cut in September.
Onchain and technical indicators signal Ether’s potential to hit $6,000 in the short term.
