Descending channel pattern and weak futures data continue to constrain Ethereum price - BitcoinEthereumNews.com
EthereumAng pababang pattern ng chanel at mahinang data ng futures ay patuloy na pinipigilan ang presyo ng Ethereum05 / 05 / 2022Balita ng Ethereum ng Bitcoin Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending chanel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the patterns $2,870 resistance. Presyo ng Ether/USD sa FTX. Pinagmulan: TradingView Federal Reserve monetary policy continues to be a major influence on crypto prices and this weeks volatility is most likely conected to comments from the FOMC. On May 4, the United States Federal Reserve elebado its benchmark overnight interest rate by half a percentage point, which is the biggest hike in 22 years. Although it was a widely expected and unanimous decision, the monetary authority said it would reduce its $9 trillion asset base starting in June. Ipinaliwanag ni Chairman Jeremy Powell na ang Federal Reserve ay determinado na ibalik ang katatagan ng presyo kahit na nangangahulugan iyon ng pananakit sa ekonomiya na may mas mababang pamumuhunan sa negosyo at paggasta ng sambahayan. Ibinasura din ni Powell ang kahalagahan ng pagbaba ng gross domestic product sa unang tatlong buwan