Ethereum Price Stalls as Fed Rate Decision Looms
Crypto markets are waiting on the Federal Reserve, with Bitcoin near $64,000 and sentiment in “fear.” Ethereum is slightly down on the day around $1,890 after a recent rebound, supported by three straight weeks of net ETF inflows. Technically, ETH remains bearish overall because the death cross is still intact and the 200-day EMA sits far above price. Still, momentum has improved: ADX at 23.2 suggests a developing trend, RSI is neutral at 54.7, and the squeeze has released with mild positive momentum. Near term, $1,897–$1,913 is the key Fibonacci “golden zone” and the main pivot. A close above it could open $1,944 and then $1,980. Failure to hold it, especially if the Fed sounds hawkish, could send ETH back toward $1,874–$1,846 support. Overall, the setup remains fragile and slightly bearish unless ETH breaks higher.
