🚀🔥 $ETH /USDC: $2,708 — Buyers Are Back in Control?
Ethereum is showing a clear burst of momentum on the 15-minute chart. ETH pushed from around $2,651 to $2,734, then pulled back toward $2,700 before buyers stepped in again. At $2,708.54 (+2.53%), the key question is whether this dip is simply a reset before another attempt at the recent high.
The broader macro picture makes this move more interesting. The Federal Reserve raised its policy rate by 25 bps to 3.75%–4% on September 16, while warning that inflation remains elevated. Meanwhile, U.S. Treasury yields have climbed sharply, with the 10-year yield approaching 5.27%, while Brent crude moved above $106 amid geopolitical and supply concerns. Higher yields and oil can pressure risk assets, so ETH’s strength is happening in a challenging macro environment.
Technically, $2,713–$2,734 is the immediate resistance zone from this chart. Holding above $2,692 keeps the short-term structure constructive; losing that area could bring the market back toward the $2,651 swing low.
👀 ETH is at a decision point: can buyers reclaim $2,734 with conviction, or does macro pressure force another rejection? That next move could reveal a lot about Ethereum’s short-term direction.
Ethereum is showing a clear burst of momentum on the 15-minute chart. ETH pushed from around $2,651 to $2,734, then pulled back toward $2,700 before buyers stepped in again. At $2,708.54 (+2.53%), the key question is whether this dip is simply a reset before another attempt at the recent high.
The broader macro picture makes this move more interesting. The Federal Reserve raised its policy rate by 25 bps to 3.75%–4% on September 16, while warning that inflation remains elevated. Meanwhile, U.S. Treasury yields have climbed sharply, with the 10-year yield approaching 5.27%, while Brent crude moved above $106 amid geopolitical and supply concerns. Higher yields and oil can pressure risk assets, so ETH’s strength is happening in a challenging macro environment.
Technically, $2,713–$2,734 is the immediate resistance zone from this chart. Holding above $2,692 keeps the short-term structure constructive; losing that area could bring the market back toward the $2,651 swing low.
👀 ETH is at a decision point: can buyers reclaim $2,734 with conviction, or does macro pressure force another rejection? That next move could reveal a lot about Ethereum’s short-term direction.
