Ethereum Price Prediction as ETH Sits On $1,700 Support – How to Stay Profitable This Week
The token powering the largest smart contracts ecosystem is currently trading at $1,738 while bulls battle a seemingly strengthening bearish grip. advertisement With support at $1,700 staying intact coupled with building optimism ahead of the United States Federal Open Market Committee (FOMC) meeting later on Wednesday, Ethereum price could embark on an upward trajectory targeting $1,800 and $2,000 price points, respectively. Can US Fed Rate Decision Trigger Ethereum Price Rally? According to this Analysis of Bitcoin Price, investor confidence received a boost following the release of the CPI report, which revealed a year-on-year inflation deceleration to 4.9% in April, modestly undercutting the predictions made by market watchers interviewed by Dow Jones survey. Later today, the FOMC meeting will decide wh ETH er to pause interest rate hikes, which have been maintained since Q1 2022. There is a higher probability of a pause following earlier communication...