Ethereum Displays Extreme Bearish Indicators With Declining Outflows! Here's The Next ETH Price Level

The Federal Reserve announced, as expected, that it would maintain its main policy rate, as outlined in its economic summary. Ethereum's price seemed to react positively to this news, holding above $1,600. Yet, in the last few hours, Ethereum couldn't maintain its trade above $1,600 and dipped beneath Fibonacci levels

The Federal Reserve announced, as expected, that it would maintain its main policy rate, as outlined in its economic summary. Ethereum's price seemed to react positively to this news, holding above $1,600. Yet, in the last few hours, Ethereum couldn't maintain its trade above $1,600 and dipped beneath Fibonacci levels due to reduced exchange outflows.