๐จ Important ETH Market Update โ Post-FOMC Insights ๐จ
Yesterdayโs FOMC meeting ended with no rate cuts โ the Fed chose to pause, and Powell's speech offered no concrete signs of a cut in September either. This uncertainty has caused renewed panic across the markets.
๐ But here's the key insight: Despite all this, ETH is still trading above $3,700, which is a strong bullish indicator in my view.
๐ฎ My ETH outlook remains confident:
๐ฏ Next target: $4,120
๐ In case of a pullback, the $3,640 support zone is critical โ a strong demand level to watch.
This price action is especially impressive given the macro uncertainty, and I believe ETH could see a solid pump from current levels.
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