Early morning announcement: The Federal Reserve maintains its current interest rates, whilst Powell adopts a hawkish stance. The main reasons, as explained earlier today, stem from war impacts, higher inflation expectations, and the elimination of rate cut possibilities.
Looking at the Ethereum chart currently, the price followed this early morning commentary, testing lows near 2150 before oscillating upward. As of now, Ethereum is trading around 2200, though there was a false breakout during this period. Due to insufficient bullish momentum, the price retested below 2200. On the hourly chart,
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