Following the Federal Reserve’s 25 basis point cut, Ethereum (ETH) plummeted to $3,624. This was a disappointing outcome for investors expecting a rally towards $4,500, raising concerns about continued bearish trends in the market.
Key indicators like the Daily Active Addresses (-98.28%) hint at declining user interest, while a head-and-shoulders pattern suggests a potential fall to $3,501. The Coinbase Premium Gap at -1.96 also indicates increasing selling pressure.
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