Ethereum Price Prediction: How Will Fed Rates Impact $ETH Prices?

Ethereum struggles as bulls fail to sustain above $4,000 amid Bitcoin's price drop under $104,000, triggering a sharp pullback.

Ethereum fell 5.75% from its Monday high of $4,109 this week, forming a bearish engulfing pattern on the daily chart.

The Federal Reserve's interest rate decision on Wednesday could significantly impact Ethereum's near-term price action.

In 2024, $4,000 remains a key resistance for Ethereum, marking its third rejection at this level earlier this year.

Despite bearish sentiments, Ether's market structure holds strong with consistent higher highs (HHs) and higher lows (HLs).

If Ethereum surpasses $4,100, it could climb to $5,000. Failing this, retracement toward $3,500 is possible before rebounding.

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