- 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.
