October 28 $ETH Market Update | Caution Ahead of the Fed Decision
Ether rebounded from a low of 2281 and is currently trading around 2354 on the 4-hour chart. Short-term signs of a bottom remain weak; for now, this can only be defined as a recovery after the decline, with reversal conditions not yet met.
Tonight’s FOMC rate decision is expected to leave the target range unchanged at 3.75%–4.00%. The key variable for the market is Powell’s press conference: his comments on inflation and guidance on rate hikes in December will directly determine short-term sentiment in risk assets.
In addition, testing of Ethereum’s Glamsterdam upgrade has been delayed due to security vulnerability checks. This is positive for the ecosystem in the long term, but weighs on upgrade expectations in the short term; a measured view is warranted.
Key levels to watch:
Whether 2350 holds is key to a continued short-term recovery; the first upside target is 2400–2430, with 2450 in view if that range holds.
If the price falls below 2300 again and loses 2280, downside risk will return, with support still at 2200–2250.
Uncertainty around the decision is high. Highly leveraged positions should be reduced first to limit risk. Wait for the announcement and a clear market structure before considering opening positions.
Summary: The rebound is only a recovery, and macro uncertainty remains unresolved. Focus on defense tonight.
#美联储利率决议倒计时
Ether rebounded from a low of 2281 and is currently trading around 2354 on the 4-hour chart. Short-term signs of a bottom remain weak; for now, this can only be defined as a recovery after the decline, with reversal conditions not yet met.
Tonight’s FOMC rate decision is expected to leave the target range unchanged at 3.75%–4.00%. The key variable for the market is Powell’s press conference: his comments on inflation and guidance on rate hikes in December will directly determine short-term sentiment in risk assets.
In addition, testing of Ethereum’s Glamsterdam upgrade has been delayed due to security vulnerability checks. This is positive for the ecosystem in the long term, but weighs on upgrade expectations in the short term; a measured view is warranted.
Key levels to watch:
Whether 2350 holds is key to a continued short-term recovery; the first upside target is 2400–2430, with 2450 in view if that range holds.
If the price falls below 2300 again and loses 2280, downside risk will return, with support still at 2200–2250.
Uncertainty around the decision is high. Highly leveraged positions should be reduced first to limit risk. Wait for the announcement and a clear market structure before considering opening positions.
Summary: The rebound is only a recovery, and macro uncertainty remains unresolved. Focus on defense tonight.
#美联储利率决议倒计时













