Ethereum (ETH) Price: Can ETH Clear $2,355 After the Fed Holds Rates?
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TLDR ETH rose 1% to above $2,350 after the Fed held rates at 3.75-4.00% in a 10-2 vote. The Coinbase Premium Index hit -0.181, its lowest level since February. US spot ETH ETFs posted $60.2 million in net outflows on Tuesday, their second straight day of outflows. ETH bounced off the 200-day EMA at $2,316 and is testing resistance at $2,355. FXEmpire says ETH could drop to $1,970 before resuming its rally. Ethereum (ETH) rose about 1% to trade above $2,350 on Wednesday after the Federal Reserve left interest rates unchanged. The Federal Open Market Committee voted 10-2 to hold rates at 3.75-4.00%. The Committee said economic activity is growing at a strong pace despite higher geopolitical uncertainty.
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