Ethereum

<ul><li>Ethereum faces resistance at $3,884.85 following the FOMC&#39;s decision to maintain current interest rate hikes.</li><li>Market experts predict Ethereum might test lower price ranges before potentially regaining value.</li><li>Ethereum&#39;s price action forms a triangle pattern, indicating market indecision and potential breakout.</li></ul>In recent market activities, Ethereum has faced a strong resistance level, which market analysts relate to the latest Federal Open Market Committee (FOMC) decision. The current FOMC policy of keeping interest rates intact has brought volatility to the market.Crypto analyst <a href="https://x.com/VellaCryptoX/status/1801099313155571765" rel="noopener noreferrer nofollow">VeLLa Crypto</a> highlighted that <a href="https://cryptotale.org/ethereum-price-set-for-possible-reversal-as-whale-accumulates-8050-eth/" rel="noopener noreferrer nofollow">Ethereum</a> tested the upper level of its recent trading range, nearing $3,884.85, only to face a rejection that pushed its value downward. This price movement indicates a crucial resistance zone that Ethereum struggled to overcome. AT press time, Ethereum&#39;s price hovers around <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$3,495.97</a>, which is a critical level that could determine its short-term direction in the market.<a href="https://cryptotale.org/ethereum-faces-resistance-after-unchanged-fomc-monetary-policy/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Faces Resistance After Unchanged FOMC Monetary Policy

CryptoTale

Other articles published on Jun 14, 2024

Solana Empty Glasses: BEER Coin Fizzles 70% In Alleged Rug Pull

Binance backs merger of FET, Agix and Ocean tokens into ASI

Decentralized ID is the next ‘killer’ Web3 use case: Cardano sustainability lead

UwU Lend offers a $5M bounty to whoever catches its exploiter

OpenAI Welcomes Ex NSA Cyber Expert General Nakasone

Investors Withdraw Funds from Bitcoin ETFs

Join our free newsletter for daily crypto updates!