Ethereum Shows Signs of Potential Strength Amid Post-FOMC Market Rotation and Smart Money Activity
Main Idea
Ethereum is showing strong performance post-FOMC meetings, with potential for a breakout above $4,000, driven by smart money accumulation and capital rotation from Bitcoin.
Key Points
1. Ethereum surged 40-50% after recent FOMC meetings, breaking key resistance levels and establishing strong support zones.
2. Ethereum dominance (ETH.D) increased by 3% post-FOMC, while Bitcoin dominance (BTC.D) remained stable at 60%, indicating capital rotation.
3. Whale wallets collectively acquired 73,821 ETH, signaling aggressive accumulation by smart money.
4. ETH/BTC price broke above the 0.03 level, suggesting a rotation from Bitcoin to Ethereum.
5. Ethereum's price is consolidating just below $3,900, with potential for a breakout above $4,000 if current trends continue.
Description
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