Ethereum's price is testing key levels near $4.000, driven by technical signals, anticipation of the Fusaka upgrade, and the expected Fed decision.
Ethereum is currently in a state of tense calm, trading at the psychological threshold of $3.900. This apparent stillness follows a week of remarkable volatility, during which the market witnessed a rapid climb to $4.200. That move, which many interpreted as a "liquidity test," was followed by a controlled correction that has established the current trading range.
However, far from being a sign of weakness, this consolidation is seen by many analysts as a necessary accumulation phase. The market seems to be holding its breath, weighing the strength of its technical support levels while digesting fundamental catalysts that could define its trajectory in the last quarter of the year. Investors are watching to see if this pause is the calm before a new bullish push for ETH and cryptocurrencies.
Enter Bit2Me and navigate the volatility of ETHEthereum is at a key point
To understand where Ethereum stands today, it's not enough to simply look at its daily price fluctuations. You need a broader perspective. According to crypto analyst @amaccharts, a chart showing ETH's price evolution over four-day periods provides a more strategic view. This chart reveals that Ethereum's price moves within a channel that isn't a simple straight line, but rather a curve that reflects the cryptocurrency's steady and accelerating growth since 2016.
This channel is important because it reflects Ethereum's long-term price behavior. Furthermore, certain indicators within this chart have shown reliable buy signals. Specifically, when Ethereum's price approaches the middle or lower portion of the channel, these signals have been present just before the market experiences a sustained upward move.
On his official X account, @amaccharts he pointed The 50-week moving average, a key level for analysts, is around $3.980. This level is vital because it acts as a kind of boundary that the price must respect to maintain the positive trend. Ethereum is trying to stay above this point, and that's a good sign.
The expert suggested that what should be observed now is that the price of ETH sustains that level and, at the same time, a new buy signal emerges on the four-day chart.
Currently, Ethereum is accumulating in a range between $3.700 and $3.850. If the price manages to close firmly above $3.950, especially by breaking above the 50-week moving average, it will be a clear signal of an upcoming upward move, with a target near $4.400.
Source: CoinGecko
Fusaka, a key upgrade on Ethereum, and the Fed's monetary policy
The price of Ethereum and cryptocurrencies isn't solely driven by what the charts show; it's also fueled by stories and expectations that capture investors' attention. Currently, two key factors are shaping market sentiment.
The first comes from within the Ethereum network itself, with the highly anticipated Fusaka upgrade. This improvement is scheduled for release in December and is generating considerable excitement because it follows significant milestones like "The Merge," which marked a turning point for the blockchain network. These upgrades promise to make Ethereum faster, more secure, and more efficient. Therefore, many investors are preparing to capitalize on the expected boost following this change.
The second factor comes from the global financial world, and it is a key meeting taking place today: the United States Federal Reserve decides on its monetary policy.
There's an optimistic atmosphere surrounding this meeting, as the Fed is expected to signal a more dovish stance. This is important because lower interest rates would reduce pressure on riskier assets, such as technology and cryptocurrencies, making it easier for new investment flows to boost them. Essentially, the market anticipates the economy will get some breathing room, which would be the missing piece needed for Ethereum's technical structure to resolve to the upside.
Buy Ethereum with one click on Bit2MeIs ETH ready for a new upward push?
The current moment is crucial for Ethereum, which is in a sort of pause, waiting for a clear signal to move forward. Its price remains within a stable range, just below a significant barrier around $4.000.
This tranquility masks a balance between two forces: on the one hand, market indicators show that Ethereum could be preparing for an upward surge; on the other, expectations are focused on the upcoming upgrade called “Fusaka”, which promises significant improvements, and on possible positive decisions from the Federal Reserve that could give it an extra boost.
In short, the crypto market is waiting to see if these conditions will be enough for Ethereum to break through that threshold and continue its upward trajectory.
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