Ethereum Price Surge: September Correction Looms Amidst Institutional Optimism

Ethereum prices experienced a dramatic surge in August 2023, soaring over 16% and surpassing all-time highs due to positive signals from Federal Reserve Chair Jerome Powell regarding monetary policy and increasing institutional involvement. This rally underscores Ethereum’s promising trajectory. However, historical patterns and liquidity concerns suggest the possibility of a downturn in September, potentially impacting stakeholders across the cryptocurrency market.