This is a follow-up analysis and a timely update of our prior publication, “Gold (XAU/USD) Technical: Eyeing a new all-time high above US$3,675, supported by positive flows and positioning”, published on 15 September 2025.
This week has been rough for risk assets, particularly tech. The Nasdaq has entered a correction phase, and the one for Cryptocurrencies is even steeper.
Markets have been awaiting further news from Jerome Powell concerning any type of rate cuts, as seen in the signs of hesitancy in Equities and Crypto. He is about to speak in a few minutes at the Jackson Hole Symposium.
After touching $4,000, a cascade of Saturday buying took the second largest crypto to $4,350 highs.
Ether is now consolidating around the $4,200 key handle – A consolidation at its highs is a more bullish sign, however for the Crypto Market to run higher, Participants will now look at the leading Crypto.
