Crypto & Forex August 22, 2025 0 Comments

Is Powell’s Jackson Hole Hawkishness the Secret Trigger to Ethereum’s $4,000 Comeback?

Ever wondered how a single speech could send Ethereum on a rollercoaster ride straight back to $4,000 — or shoot it beyond the stratosphere? That’s exactly what Arthur Hayes, former BitMEX CEO, is buzzing about as Fed Chair Jerome Powell prepares to deliver his much-anticipated remarks at Jackson Hole. If Powell flexes his hawkish muscle, we could see Ethereum retesting that $4,000 mark with a vengeance. But while short-term jitters may be on the horizon, Hayes is keeping a bullish eye on Ethereum’s future, envisioning a meteoric rise to $10,000 or even $20,000 by the close of this market cycle. What’s fueling this bold optimism? It turns out the interplay of U.S. politics, fiscal policy, and the momentum of digital asset treasury companies might just be the secret sauce. Buckle up — Ethereum’s next chapter could be anything but dull. LEARN MORE.

Ethereum could retest $4,000 if Powell turns hawkish at Jackson Hole: Arthur Hayes

Home » Ethereum » Ethereum could retest $4,000 if Powell turns hawkish at Jackson Hole: Arthur Hayes

The analyst believes Ethereum could be headed for both short-term turbulence and long-term explosive gains.

Key Takeaways

Arthur Hayes predicts Ethereum could retest $4,000 if Jerome Powell delivers hawkish statements at Jackson Hole.
Hayes remains long-term bullish on Ethereum, projecting prices could reach $10,000 to $20,000 by the end of the current market cycle.

Ethereum may retest the $4,000 mark if Fed Chair Jerome Powell sound hawkish at Jackson Hole, according to Arthur Hayes, ex-CEO of BitMEX. Powell is set to speak at 10 a.m. ET on Friday.

“I think that we could maybe test 4,000 if, you know, there’s a very hawkish statement from Powell at the Jackson Hole on Friday,” said Hayes in a recent interview with Crypto Banter.

Ethereum was trading at $4,297 at press time, down 6% over the past week, per TradingView. The token recently topped $4,700, its highest level since November 2021.

Hayes remains bullish about Ethereum’s long-term prospects, projecting prices between $10,000 and $20,000 by the end of the current market cycle.

“Once it’s broken through, then, you know, there’s a gap of error to the upside,” he said.

The crypto executive pointed to digital asset treasury companies as potential catalysts for price appreciation.

“You have obviously all these digital asset treasury companies who are just raising money, and it’s gonna be even easier to raise money if the asset that they’re buying has just broken through its all-time high,” Hayes said.

Regarding market dynamics, Hayes said the real driver will be US politics and fiscal expansion, rather than the usual four-year cycle.

He believes the Trump administration is still experimenting with different ways to inject liquidity into the system, but expects that by mid-2026, once the question of Powell’s fate at the Fed is resolved, money printing will go into overdrive heading into the 2026 midterms and the 2028 election.

“You cannot win an election without printing money, and the Democrats are going to print money. And so he has to print money,” he said. “If he doesn’t hand out the goodies, then all his boys are not getting reelected.”