Ethereum is trading at approximately $2,933 as the Federal Reserve's upcoming December meeting remains uncertain due to missing job data. This uncertainty is affecting investor sentiment and the broader crypto market. Historically, rate cuts have been favorable for risk assets like Ethereum, but any delay in the Fed's decision could hinder bullish momentum.
On the technical front, Ethereum is testing the mid-Bollinger Band following a multi-week downtrend. Key resistance is identified near $3,158, with support levels between $2,640 and $2,700. A close above $3,200 could indicate a bullish trend, while a fall below $2,800 might lead to further declines.
Ethereum Price Hovers at $2,933 Amid Fed Policy Uncertainty
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