During the Jackson Hole Global Central Bank Conference, Federal Reserve Chairman Powell's speech triggered a strong reaction in the financial markets. Although Powell did not directly mention interest rate cuts, he hinted that the risk balance may be changing, which the market interpreted as a potential adjustment in monetary policy in the future.

This statement immediately ignited market expectations for a possible interest rate cut next month, resulting in a general rise in risk assets. The U.S. stock market, gold, and cryptocurrency markets all saw significant increases, with Ethereum reaching a historic high of $4888.

Although Powell's overall tone remains cautious and does not make any clear commitments, market participants seem to have interpreted it as a signal for interest rate cuts. However, it is worth noting that the Federal Reserve's monetary policy has always taken a precautionary approach, so whether this expectation-driven market reaction can be sustained still requires further validation from subsequent employment and inflation data.

In this context, the Nasdaq 100 Index rose by 1.56%, recovering the losses from the previous two days. The price of Bitcoin also saw a strong rebound, closing at $116,897, with an intraday increase of 3.94%. Ethereum's performance was even more impressive, soaring 14.36% intraday.

From a technical analysis perspective, the trend of Ethereum may have two interpretations. The first assumption suggests that this is a daily level adjustment, forming a spreading platform. If this assumption holds true, a pullback may occur next, with a target price around $3700. The second assumption requires further observation of market trends to draw a conclusion.

Regardless, Powell's remarks have undoubtedly injected new vitality into the market, but investors still need to remain vigilant and closely monitor subsequent economic data and policy trends.