{"id":167751,"date":"2025-08-24T13:00:23","date_gmt":"2025-08-24T10:00:23","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=167751"},"modified":"2025-08-24T14:50:47","modified_gmt":"2025-08-24T11:50:47","slug":"peter-schiff-calls-ethereum-rally-powerful-despite-years-of-skepticism","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/peter-brandt-calls-ethereum-rally-powerful-despite-years-of-skepticism\/","title":{"rendered":"Peter Brandt Calls Ethereum Rally \u2018powerful\u2019 Despite Years of Skepticism"},"content":{"rendered":"<p>The surge followed remarks from Federal Reserve Chair Jerome Powell, who confirmed that a U.S. interest rate cut is scheduled for next month. The policy shift ignited fresh momentum across both traditional and crypto markets, sending traders rushing into risk assets.<\/p>\n<p>Veteran commodities trader Peter L. Brandt, known for his often skeptical takes on Ethereum, marked the moment with a single word: \u201cPowerful.\u201d Despite past criticism of ETH, Brandt has admitted he would trade it as an asset whenever conditions align, a nod to Ethereum\u2019s growing relevance in the trading world.<\/p>\n<p>Ethereum\u2019s rally has also shifted broader market dynamics. Bitcoin dominance dipped to 56.5%, underscoring ETH\u2019s relative strength as capital rotated toward the second-largest cryptocurrency. Bitcoin itself climbed as high as $117,420 before retreating to around $115,700 at the time of writing.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-167417\" href=\"https:\/\/cryptodnes.bg\/en\/fed-minutes-reveal-growing-focus-on-stablecoins-under-new-u-s-law\/\" title=\"Fed Minutes Reveal Growing Focus on Stablecoins Under New U.S. Law\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/federal-reserve-rate-cuts-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Fed Minutes Reveal Growing Focus on Stablecoins Under New U.S. Law<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The milestone drew attention from industry leaders as well. Coinbase CEO Brian Armstrong publicly congratulated the Ethereum community, calling the breakout a major achievement for the ecosystem.<\/p>\n<p>Currently, Ethereum is consolidating near $4,739, with traders closely eyeing the $5,000 level as the next psychological barrier. A successful breakout above that mark in September could reinforce ETH\u2019s growing narrative as both a technological backbone for decentralized finance and a serious contender to Bitcoin\u2019s dominance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has smashed through its previous all-time high for the first time since 2021, soaring over 15% in a single day and briefly touching $4,885.<\/p>\n","protected":false},"author":7,"featured_media":26092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[72,280,424,271,243],"coin_category":[],"class_list":["post-167751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-bitcoin","tag-coinbase","tag-crypto","tag-ethereum","tag-federal-reserve"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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