Ethereum Holds Key Support Ahead of Fed Decision — How High Can ETH Go?
Ethereum ($ETH ) is consolidating above $4,450, showing resilience as markets price in a 96% chance of a Fed rate cut this week. Traders are betting on further easing by year’s end — a backdrop that could fuel ETH’s next breakout.
Technical Setup:
$ETH is forming a bull pennant — a continuation pattern that often precedes major rallies.
A decisive breakout above resistance projects a move toward $6,750 by October (+45%).
Analysts see dips toward $4,200–$4,350 as buying opportunities, not trend reversals.
Risk Zone:
Losing the 20-day EMA could trigger short-term pullbacks, but the super trend support zone between $4,100–$4,300 remains strong.
$ETH continues to reclaim key Fibonacci levels and the Bull Market Support Band — signs of sustained strength.
Speculative Outlook:
With the Fed set to pivot dovish, liquidity could return to risk assets. ETH stands positioned for a decisive leg higher, and momentum traders are watching closely.
The market mood is shifting: every dip may become a springboard for Ethereum’s next run toward $5K–$6.7K.
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