The crypto assets market welcomed a long-awaited recovery surge over the weekend. As the market leader, Ethereum first broke through the key resistance level of $4800, showcasing strong pump momentum. Meanwhile, Ripple (XRP) also regained the $3 price point, and the performance of these two major crypto assets has attracted widespread attention from investors.

The main catalyst for this wave of rise comes from Federal Reserve Chairman Powell's speech at the Jackson Hole annual meeting. Powell hinted that the current monetary policy may need adjustment, and this statement was interpreted by the market as a potential easing policy in the future. CME data shows that the probability of a 25 basis point rate cut in September has reached 75%. This expectation has pushed the prices of risk assets, including Crypto Assets, to generally pump.

Ethereum's performance has been particularly outstanding, with an increase of over 14% in the past 24 hours, reaching a recent high of $4834. This breakthrough is significant because $4800 has been a resistance level that has not been surpassed since 2021. Technical analyst Crypto Jelle points out that Ethereum's weekly chart shows a "descending wedge" pattern, and breaking through the $4600-$4800 range may indicate greater potential for a pump.

It is worth noting that Ethereum has been oscillating between the support level of $3762 and the resistance level of $4631 since the beginning of August. During the recent pullback earlier this week, Ethereum successfully held the key support area of $4000-4100, laying the foundation for this breakthrough.

At the same time, Bitcoin has rebounded from its low to $116,300, indicating a general strengthening of the entire Crypto Assets market. However, investors should remain cautious and closely follow market trends and potential regulatory changes, as the volatility in the Crypto Assets market remains high.

As market sentiment warms up, many analysts are beginning to predict that Ethereum may challenge its all-time high. However, whether this rise can be sustained remains to be seen, as there are still many uncertainties in the global economic environment and regulatory attitudes. Nevertheless, the market performance this weekend undoubtedly brings a glimmer of hope and excitement to Crypto Assets investors.