Ethereum gains 3% as markets digest the Fed's rate hike, with technical indicators suggesting a potential breakout toward $3,300 amid surging trading volumes.
Ethereum rallied 3% and bounced off $2,400 support, with analysts predicting a bull flag breakout toward $3,300 amid a historical trading-volume buy signal.
Ethereum climbed 3% to $2,470 after successfully testing the $2,400 support level following the Federal Reserve's latest interest rate hike. Analysts point to a forming bull flag pattern and a pending historical trading-volume crossover as key indicators that could propel the asset toward $3,300 in the coming weeks.
The rate hike was largely priced into the market ahead of the FOMC meeting, leading to a counterintuitive 'buy the news' reaction as investors moved past macroeconomic uncertainty.