Ethereum Price Prediction: Can ETH Hold $2,400 After the Fed's First Hike in Three Years?
U.S. spot ETH ETFs saw a $224.11 million outflow as staking and low exchange reserves kept supply tight.
- On September 16, the Federal Reserve raised interest rates by a quarter point to 4.00%, while Ethereum traded near $2,223, remaining below the $2,400 level for two months.
- Despite rising Treasury yields reaching 5.00% on September 15 and a VIX that climbed more than 20% above its level a month earlier, Ethereum has repeatedly defended the $2,405 level throughout September.
- Spot Ethereum ETFs recorded a single-day outflow of $144 million on September 18, yet over 42 million ETH remain staked, representing roughly 35% of circulating supply and tightening available selling pressure.
- Below the current price, traders are monitoring $2,404, $2,387, and $2,356 as main support levels, with little technical footing until the summer base near $1,900 if those levels fail to hold.
- To reach the $5,000 milestone, ETH must overcome resistance around $2,428 and $2,519, with the next hurdle at $4,165, representing its price from one year ago.
35 Articles
35 Articles
The Federal Reserve put an end last Wednesday to more than three years without upward movements in its reference rate
Ethereum Price Prediction: Can ETH Hold $2,400 After the Fed's First Hike in Three Years?
The Fed just hiked rates for the first time in three years, and Ethereum barely flinched while Bitcoin and Solana swung hard. Whether that calm reflects genuine strength or a fragile pause before a deeper slide depends on forces quietly building beneath the surface.
Veteran Trader Peter Brandt Sees Ethereum Reaching $8,600 for 200% Upside
TL;DR Veteran trader Peter Brandt projects Ethereum could eventually reach $8,600 after breaking above $5,000. Brandt has spent five decades trading and previously identified major moves in gold and Bitcoin. The target would represent more than 200% upside from the level discussed in his latest analysis and roughly 75% above Ethereum’s 2025 all-time high. Peter ...
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