#ETH

ETH Market Analysis:

For Ethereum, the four-hour level has once again fallen to the lower edge of the parallel channel near 2460 and started to rebound, which is also the edge of an overall flag pattern!

If Bitcoin experiences a deep pullback due to Federal Reserve interest rate issues, then Ethereum will definitely break below this flag pattern, testing the support level near 2320, and if it goes deeper, it could even reach 2100!

If the outlook is a bit more positive, with the Federal Reserve lowering interest rates being favorable, Bitcoin might surge to new highs, giving Ethereum a chance to reach the $3000 position, but this seems somewhat unrealistic! Let's focus on tonight's Federal Reserve interest rate decision!