នេះ តម្លៃ Ethereum (ETH) is currently experiencing high levels of instability around $1,670, and the monthly pivot for February is also under a lot of pressure. However, a number of on-chain indicators suggest that ETH could possibly rally, thus exacerbating a bullish momentum on the heels of the FOMC minutes to be released tomorrow.
FOMC Data Acting As Catalyst
On Wednesday, February 22, at 19:00 GMT, the បម្រុងសហព័ន្ធ of the United States will release the minutes of the Federal Open Market Committee’s (FOMC) policy meeting that took place between January 31 and February 1. After holding its first policy meeting of the year, the Federal Open Market Committee (FOMC) agreed, as was widely anticipated, to raise the federal funds rate by 25 basis points, bringing it to a range of 4.5 – 4.75%.
អានបន្ថែម: ពិនិត្យមើលវេទិកាផ្តល់ប្រាក់កម្ចី DeFi កំពូលទាំង 10 នៃឆ្នាំ 2023
After suffering losses the previous day, the ទីផ្សាររូបិយប័ណ្ណ on February 21, 2023 has had a day of mixed results. Both Bitcoin និង Ethereum experienced just slight price increases. At the time of writing, the total មូលធនទីផ្សារ of all cryptocurrencies has dropped by 1.79% from the previous day, placing it at $1.11 trillion.
Despite this, there is a clear indication that the price of Ethereum (ETH) is beginning to consolidate around a substantially critical monthly resistance level. Although ETH has transformed this barrier into a support floor on the lower timeframes, investors need to wait for a decisive breakout from the pennant to confirm the commencement of the second leg of the pattern. Additionally, market experts believe tomorrow’s FOMC minutes to be rather positive, thus lending further credence to the potential rally for the Altcom នេះ ស្តេច។
សកម្មភាពតម្លៃ Ethereum (ETH)
The price of Ethereum increased by almost 20% between February 13 and February 23. The beginning of the consolidation took place when ETH became entangled with the monthly resistance level located at $1,677. During this period of sideways movement, the price of Ether has constructed a pennant pattern by producing two higher lows and two lower highs.
The market behavior for Ethereum between February 13 and February 20 reveals a bullish pennant formation when taken as a whole. This setup anticipates a 20% upswing, which can be derived by estimating the distance of the first run and adding it to the breakout moment on the pennant.
In the event that the pennant is broken around $1,720, the price goal for Ethereum would be $2,055 assuming a 20% move in the upward direction. As things currently stand, the price of Ethereum (ETH) is currently trading at $1,667 which represents a decrease of 2.20% over the past 24 hours, in contrast to an increase of 8% over the last seven days, according to CoinGape’s crypto market tracker.
សូមអានផងដែរ: Hedera កត់ត្រាការលោតដ៏ធំនៅក្នុង TVL; តើតម្លៃកាំភ្លើងរបស់ HBAR សម្រាប់ការរត់ Bull?
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/ethereum-eth-price-to-crash-following-fomc-minutes/