Hey Square fam! 👋 Ethereum is trading around $2,470, up over 1% and holding near its highest levels since late January, riding the same powerful macro-driven wave lifting Bitcoin. This entire rally traces back to the US Treasury doubling its long-term bond buyback program, which pulled yields lower and sparked a genuine wave of institutional buying across both major coins.
Ethereum ETFs have been a real bright spot throughout this move, with the iShares Ethereum Trust alone adding tens of millions in fresh assets in a single day earlier this week. That kind of steady institutional demand, layered on top of the broader macro tailwind, has helped ETH outperform even during Bitcoin's more volatile swings.
With Fed Chair Kevin Warsh's Jackson Hole speech landing today, expect ETH to move in close step with Bitcoin depending on whatever signal markets take from his remarks about the path ahead for rates. 🧠
$ETH #Ethereum #ETH2026 #JacksonHole #CryptoRally #CryptoNews
Ethereum ETFs have been a real bright spot throughout this move, with the iShares Ethereum Trust alone adding tens of millions in fresh assets in a single day earlier this week. That kind of steady institutional demand, layered on top of the broader macro tailwind, has helped ETH outperform even during Bitcoin's more volatile swings.
With Fed Chair Kevin Warsh's Jackson Hole speech landing today, expect ETH to move in close step with Bitcoin depending on whatever signal markets take from his remarks about the path ahead for rates. 🧠
$ETH #Ethereum #ETH2026 #JacksonHole #CryptoRally #CryptoNews
