A widely followed crypto analyst is updating his outlook on Ethereum (ETH) and other digital assets after the Fed cut rates this week.

U.S.-listed crypto shares jumped on Thursday after a half-percentage point interest rate cut boosted risk appetite, adding to the momentum of an industry that has already secured some big wins this year.

After making small gains throughout the week, shares of Coinbase, one of the largest cryptocurrency exchanges, jumped by almost 7% on the heels of a significant rate cut by the Federal Reserve. The company’s shares peaked at $174 mid-day Thursday before paring gains and closing at $168.