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Ethereum Bounces Off Key Support and Nears $3,000 – Will ETH Fully Recover?
Ethereum (ETH) has gone up by nearly 6% in the past 24 hours to $2,970 as the crypto market seems to be starting to recover. Last week, comments from the head of the New York Federal Reserve once again turned the odds in favor of a 25 basis points rate cut in December. Macroeconomics, as always, tend to play a key role in shaping the valuation of digital assets, including Ethereum (ETH). FedWatch’s Rate Cut Probabilities for Next FOMC Meeting – Source: CME Group The odds of a rate cut during the next FOMC meeting have now surged to 80%, up from a previous 42% print. This could be an early signal that the market ... (full story)
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