Ethereum’s Ether (ETH) is currently valued at 4,501 USD, reflecting a decrease of 5.73% from its weekend high of 4,766 USD. The market anticipates a significant Federal Reserve interest rate cut this week.
The formation of a bull pennant suggests that if ETH breaks above 6,750 USD, it could mark a 45% rise. Analysts highlight that maintaining the 20-day EMA is crucial to preventing a possible decline to 4,200 USD.
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