ETH holds steady above $1,700 despite anticipation of Fed Rate Hike – Cryptopolitan
Ethereum Ang ETH ay nanatiling matatag sa itaas ng $1,700 sa kabila ng pag-asam ng Fed Rate Hike – Cryptopolitan 1 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Ethereum price analysis for today reveals ETH has been trading inside a narrow range above $1,700. Ethereums price has been fluctuating between $1,733.89 and a high of $1,821.46. Ethereum is trading at $1,726, down 3.70% from the 24-hour high. The cryptocurrency is being driven by market sentiment as traders await further guidance from the Federal Reserve, which meets later this week to decide on its latest policy and outlook. The U.S. central bank could raise interest rates as inflationary pressures build in the economy, something that could put a damper on Ethereums price. The Ethereum price analysis on a daily ETH chart shows the cryptocurrency has been consolidating within a narrow range for the past few days. The support level is around $1,733.89, where the price has found some footing after hitting an intraday low of $1,732.87. Meanwhile, Ethereums relative strength index (RSI) is currently hovering at the 50 mark, indicating that the coin is trading in neutral territory. ETH/USD 1-day chart, Source; TradingView Ethereum has formed a descending triangle pattern on the chart, which could lead to an eventual