Ethereum price rallies towards $3,000 after the Fed increases interest rates

  • Ethereum price continues to move higher during the Wednesday evening trade session. 
  • Significant upside potential exists of Ethereum can remain above $2,775. 
  • Downside risks remain a concern, and they are substantial. 

Ethereum price responded bullishly to a somewhat hawkish interest rate increase from the Federal Reserve. Likewise, risk-on markets worldwide had a positive response, indicating that market participants felt the rate hike was already priced in. 

About the Author

You may also like these