oscillated between $26.67K and $28.94K. In particular, BTC dropped from the $28K to $26K zone after the Fed hiked the rate by a quarter point on Wednesday .
The price ceiling at $1,855.5 could sink ETH to the channel’s mid-level or lower boundary. At press time, ETH’s value was $1,809.30. A close below the channel’s mid-level of $1,779.18 could attract more aggressive selling, which could likely push ETH to $1,715. Another key support level to watch is the channel’s lower boundary of $1,715. But a breach above the consolidation range could offer bulls a chance to retest August 2022 levels of $2002. However, near-term bulls must clear the obstacle at $1,917.
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