📉 3 Reasons Why Ethereum Could Crash Below $3K Ahead of FOMC

📌 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 Powell’s comments could shake investor confidence.

💰 $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.

📊 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.

🚀 What’s 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.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.