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ETH is currently range-bound, trading sideways in the $1,850-$1,950 band. The direction is highly dependent on the outcome of the FOMC decision. Before the decision is finalized, the middle zone of $1,860-$1,920 is best treated as a wait-and-see area, and it’s not advisable to take a heavy position betting on a direction.
$ETH
· A valid breakout and hold above $1,920-$1,940 → the long target is $1,983-$2,000
· A valid breakdown below $1,850-$1,860 → the short target is $1,820-$1,800