The cryptocurrency market experienced a surge in sentiment on Saturday, transitioning from ‘Neutral’ to ‘Greed’ according to the Crypto Fear & Greed Index. This shift was triggered by comments from US Federal Reserve Chair Jerome Powell regarding potential rate cuts this September. Following his speech at the Jackson Hole Economic Symposium, where he hinted at policy adjustments for inflation and labor market conditions, ETH reclaimed its 2021 all-time highs of $4,878, marking a significant 11.51% increase within a 24-hour period. This surge was further fueled by speculation about a rate cut by market participants. Bitcoin (BTC) also saw a notable increase, surging 5%, reaching its price level of $117,300 and exceeding $379.88 million in liquidations from short positions. Crypto Market Analysts predict this trend will continue as the September Fed meeting draws near.