On the eve of the Federal Open Market Committee (FOMC) meeting, overall sentiment in the crypto market is generally cautious. Bitcoin is struggling at the $90,000 mark, with the market as a whole experiencing a downward correction. Against this backdrop, Ethereum has shown relative resilience, with its price fluctuating narrowly around $3,100. Despite short-term pressures such as outflows from ETFs, ETH has successfully held the key trend support level near $3,020.

Negentropic, co-founder of on-chain analytics platform Glassnode, pointed out that ETH has reclaimed its 50-day moving average, signaling a trend breakout and stating that “the bearish window for ETH has disappeared.” This indicates that some core indicators have started to turn favorable for Ethereum amid an otherwise sluggish market.

This analysis highlights Ethereum’s relative strength and defense of key technical levels during a market-wide downturn, while authoritative commentary reinforces the resilience assessment. Follow and subscribe for daily market updates and economic trends!