ETH is trading near a very important support at around $2800~$2750 at the moment. Tomorrow, the FED will announce the new interest rate.
If the FED news will be positive we can expect the support Hold and FED leading to Start a little bul run just like my red arrow on the chart pattern that ETH price could go up above $3000 and start bullish move to a our middle channel.
The expectation is that they’re going to hike the rates by 0.5% that's good news for the market
And
if the FED decides to hike more than 0.5% we can expect a breaking down support level for both BTC and ETH and we will see a strong sell-off.
This contradicts the FED’s “soft-landing policy”, hence I’m expecting they won’t deviate from the +0.5% hike.
If the FED news will be positive we can expect the support Hold and FED leading to Start a little bul run just like my red arrow on the chart pattern that ETH price could go up above $3000 and start bullish move to a our middle channel.
The expectation is that they’re going to hike the rates by 0.5% that's good news for the market
And
if the FED decides to hike more than 0.5% we can expect a breaking down support level for both BTC and ETH and we will see a strong sell-off.
This contradicts the FED’s “soft-landing policy”, hence I’m expecting they won’t deviate from the +0.5% hike.
