ETH prices jumped sharply after Fed monetary policy.
It holds above significant support of $1468-1757 (200 and 55-day EMA).
ETHUSD surged more than $100 after Fed monetary policy. The central bank hiked rates by 25 bpbs and removed the word "anticipates" Further rate hikes would be needed. The other factor which is supporting Ethereum is
US banking Turmoil
Ethereum Shanghai upgrade
It hit a high of $1915.90 yesterday and is currently trading around $1910.
The bullish invalidation can happen if the pair closes below $1755. On the lower side, the near-term support is $1890. Any break below targets $1855/$1800/$1755. Significant downtrend if it breaks $800.
The immediate resistance stands at around $1965. Any breach above confirms a minor pullback. A jump to $2000/$2030/$2050 is possible. A surge past $2050 will take Ethereum to $2294/$2500.
It is good to buy on dips around $1880 with SL around $1750 for TP of $2400/$2500.
