Ethereum Price successfully reclaimed $4000 two days ago. That is not a very long time, but it is a good start. Tomorrow, the Fed will announce its interest rate decision, which usually causes volatility. Polymarket participants are 98% sure that we will see a 25bps cut. Other analysts say that economic data allows for a 50bps cut, which could send prices much higher than a 25bps cut. But history shows that Polymarket predictions often come true.

Many are considering the rate cut to be already priced in. And what experts are actually looking at is the end of QT and the tone of the announcement. These two factors will give away what the next few months could look like for crypto. If things look bullish, Ethereum Ethereum 2.63% Ethereum Ethereum ETH Price $1,638.39 2.63% /24h Volume in 24h $10.74B Price 7d is expected to run first, if the old BTC->ETH->Others scheme still rules. Blackrock seems to be bullish!

DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025

Ethereum Price Reclaims $4000 – Is It Decisive?

Ethereum Weekly Price

(Source – Tradingview, ETHUSD)

Let us begin with the Weekly chart. As always, it is good to get a long-term perspective before moving to trade ideas and key levels on lower timeframes. First, let’s look at the RSI – it has been cooling off for the past two months. Next, the Moving Averages are still $1000+ below current prices, indicating strong buyer interest. And lastly, we can see that the Ethereum Price has been stuck below the 2021 ATH and has been unable to break it. A move above that level could be quick and parabolic.

DISCOVER: 9+ Best Memecoin to Buy in 2025

Ethereum Price reclaimed $4000 ahead of FOMC. How will the announcement affect it, and does TA have power to predict moves? Let's find out!

(Source – Tradingview, ETHUSD)

The next chart for today’s ETH USD analysis is on the Daily timeframe. There is a lot to unpack here! As noted in the previous article, the LFT MSB in September eventually led to a rejection from the Bearish Orderblock, followed by the Bearish Engulfing candle, which eventually ended up getting down to $3350. In the past few days, we’ve seen Ethereum price ranging mostly below $4000, but for the past two days it’s trading above! Though now it is facing serious resistance at the $4200 level – a previous low and MA100 + MA50. Will it respect these resistances and retrace or is it just going to dash through? We are going to find out in the next two days, I believe.

DISCOVER: 16+ New and Upcoming Binance Listings in 2025

Summary And Final Thoughts With LTF View

Ethereum Price on the 4H timeframe

(Source – Tradingview, ETHUSD)

Last chart for today is on the 4H. Here, we see RSI regaining the upper half, above 50 points and resetting from the first rejection of $4200. MA50 and MA100 has been reclaimed, MA200 – not really. Key support of $3350 looks very far down and unrealistic for now, but anything can happen. Rather, $3700 has been acting as real support ever since that bad October 10th. We have a Bullish Engulfing candle from October 21st, signaling initial strength.

Ultimately, the Ethereum Price run, especially for November, depends a lot on what we hear tomorrow evening. End of QT and dovish tone at the announcement could trigger the next alt season. Stay tuned!

DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025

Join The 99Bitcoins News Discord Here For The Latest Market Update

Ethereum Price Holding Above $4000 Getting Ready To Send?

  • Beautiful 1W chart with bullish MAs. Need to reclaim the 2024 high.
  • RSI levels allow price growth
  • Price needs to push past $4200
  • Investors are hoping for end of QT and dovish tone during FOMC announcement.

Why you can trust 99Bitcoins

10+ Years

Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.

90hr+

Weekly Research

100k+

Monthly readers

50+

Expert contributors

2000+

Crypto Projects Reviewed

Google News Icon
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now
Petar Tatarski
Petar Tatarski

Petar entered the crypto world in 2021. His main interest in crypto is charting and trading which he has studied for 3 years. What drew him in was his love for math, logic and seeing price move on the charts.... Read More

Free Bitcoin Crash Course

  • Enjoyed by over 100,000 students.
  • One email a day, 7 days in a row.
  • Short and educational, guaranteed!

Secure, Seamless, Smart — Join the Future of Crypto with BestWallet

  • No KYC
  • Trade & Swap Directly In the Wallet
  • Built-in Crypto Presale Launchpad
Secure, Seamless, Smart — Join the Future of Crypto with BestWallet
Back to top