Downtrend... Short-term uncertainty and fear of a 100bp rate hike?

R

The bloom is on for Ethereum. When compared to just a week ago, it has decreased by 30%.

The market now anticipates that the Fed will increase rates by 75 basis points at its upcoming meeting on September 20 and 21, although

Analysis shows that there is an 18% chance of a 100bp increase.

 

Despite the fact that this uncertainty leads to considerable short-term volatility,

I believe the price won't go back up if a 75bp or less increase is decided upon.

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