The Federal Reserve announced in the early morning that it is maintaining its current interest rates, while Powell's remarks lean hawkish. The main reasons, as I explained earlier this morning, are the impact of the war, higher inflation expectations, and the elimination of the possibility of rate cuts at present.

Looking at the Ethereum chart currently, the price tracked the early morning remarks, retracing to a low of 2150 before bouncing and moving upward. As of now, Ethereum is running around 2200 again. Although there was one false breakout during this period, due to insufficient momentum from the bulls, the price retraced below 2200 again. From an hourly perspective, the price is currently trading below the middle band of the Bollinger Bands. The attempt to break through in the morning failed, and in the short term it is consolidating in a weak state. I expect there will be another wave of pullback movement downward subsequently.

Ethereum reference: Short at 2206, target 2146, stop loss 34 points#BTC #ETH