October 28 $ETH Market Update | On the eve of the Fed decision, caution is key.
Ether bounced from a low of 2281 and is currently trading around 2354 on the 4-hour chart. Short-term signals that the decline has bottomed remain weak, so for now this can only be viewed as a recovery after the drop; conditions for a reversal have not yet been met.
Tonight’s FOMC rate decision is expected to leave the target range unchanged at 3.75%–4.00%. The key variable for the market is Powell’s press conference: his comments on inflation and guidance on a December rate hike will directly shape short-term sentiment toward risk assets.
In addition, testing of Ethereum’s Glamsterdam upgrade has been delayed due to security vulnerability checks. This is positive for the ecosystem over the long term, but weighs on upgrade expectations in the short term. Take a measured view.
Key levels to watch:
Holding 2350 is the basis for a continued short-term recovery. The first upside target is 2400–2430; if price holds above that range, the next level to watch is 2450.
If price falls below 2300 again and loses 2280, downside risk will return. The next support zone remains 2200–2250.
Uncertainty around the decision is high. Prioritize reducing high-leverage positions to manage risk, and wait for the announcement and a clearer market structure before considering new positions.
Summary: The rebound is only a recovery, macro uncertainty remains unresolved, and tonight’s priority is capital preservation.
#FOMC会议
Ether bounced from a low of 2281 and is currently trading around 2354 on the 4-hour chart. Short-term signals that the decline has bottomed remain weak, so for now this can only be viewed as a recovery after the drop; conditions for a reversal have not yet been met.
Tonight’s FOMC rate decision is expected to leave the target range unchanged at 3.75%–4.00%. The key variable for the market is Powell’s press conference: his comments on inflation and guidance on a December rate hike will directly shape short-term sentiment toward risk assets.
In addition, testing of Ethereum’s Glamsterdam upgrade has been delayed due to security vulnerability checks. This is positive for the ecosystem over the long term, but weighs on upgrade expectations in the short term. Take a measured view.
Key levels to watch:
Holding 2350 is the basis for a continued short-term recovery. The first upside target is 2400–2430; if price holds above that range, the next level to watch is 2450.
If price falls below 2300 again and loses 2280, downside risk will return. The next support zone remains 2200–2250.
Uncertainty around the decision is high. Prioritize reducing high-leverage positions to manage risk, and wait for the announcement and a clearer market structure before considering new positions.
Summary: The rebound is only a recovery, macro uncertainty remains unresolved, and tonight’s priority is capital preservation.
#FOMC会议
