Ethereum (ETH) is up 3% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve (Fed).
Ethereum rose above 3% following crypto market anticipation of a 50-basis-point Fed rate cut. Ethereum looks like a potential contrarian bet for now, says Bitwise official. Ethereum could rally 17% toward $2,817 if it sustains a high volume move above $2,395. Ethereum is up 3% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve .
4 million in liquidations, with long and short liquidations accounting for $13.99 million and $12.41 million, respectively. On the 4-hour chart, Ethereum is attempting to break above a descending trendline and the $2,395 key resistance of a rectangle. If ETH completes this move, it could begin another extended move within the $2,395 to $2,817 price range, where it mostly traded in the past month.
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