ETH/USDT: Upward Momentum Ahead of the Fed Decision. Chart Analysis and Key Levels

Amid expectations for the key Fed decision, ETH is showing technically significant growth, breaking through local resistances and strengthening above a psychologically important level.

Key Chart Observations:

1. Clear Uptrend: Price is confidently trading above moving averages, making an impulsive move from the $3,090 (24h Low) area to current levels around $3,360.
2. Breakout and Consolidation: A significant event was the break above the resistance zone near $3,300. It is now being tested as new support. This is a classic sign of market strength.
3. Indicators Confirm Strength:
· Bollinger Bands: Price is moving in the upper half of the channel, indicating buyer dominance. The upper boundary (UB ~$3,285) was breached, often signaling trend continuation.
· MACD: Histogram in positive territory, and the MACD line is well above the signal line (DEA), confirming a bullish impulse.
· Volume: The rally is supported by increased volume (24h turnover — $527M) which adds reliability to the move.

Scenarios and Strategy Linked to Macro Factors:

· Main Scenario (continued growth): Holding above $3,300 after the Fed decision opens the way to test the next target in the $3,400-$3,500 zone. A bounce off the support, now at $3,300 and the moving averages, will confirm market strength.
· Correction Scenario: If the market reacts to the Fed news by taking profits ("sell the news" effect), the key area for buyers to watch will be $3,200 - $3,150. This is where the former resistance (now support) and dynamic indicators converge.
· Macro Driver: Today's Fed rate decision will be the main catalyst. Confirmation of an easing cycle (rate at 3.75% or lower) could provide an additional boost to all risk-on assets, including ETH.

Conclusion: The technical picture for ETH looks optimistic, indicating a high probability of continued recovery. However, short-term dynamics will depend directly on the Fed's tone. Traders should watch price reaction at $3,300 (support) and $3,400 (next target).

What do you think? Do you believe ETH will maintain its momentum regardless of Powell's comments, or is this rally just a prelude to major volatility? Share your perspective and the levels you’re watching!
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