π FOMC Uncertainty Looms
Ethereum ( $ETH ) is at risk of falling below $3,000 as markets brace for the upcoming FOMC meeting. While a 99.5% chance suggests no rate change, Jerome Powellβs comments could shake investor confidence.
π° $1.52B in Liquidations Below $3K
If ETH dips under $3,000, $1.52B worth of long positions could get liquidated, amplifying the sell-off. Exchange supply has also surged from 10.35M to 10.69M ETH, indicating increased selling pressure.
π Key Levels to Watch
Support: $3,057, $3,011
Bearish Target: $2,200 - $2,500 (if crash continues)
Bullish Scenario: If Bitcoin reclaims $103K, ETH could recover fast.
π Whatβs Next for ETH?
If the Fed cuts rates, it may trigger a bullish rally. However, if rates remain unchanged, short-term volatility is expected. A breakdown could offer buying opportunities if conditions stabilize.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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