Ethereum

The FOMC decision today (July 29) is the single make-or-break catalyst: a dovish pivot or rate-cut signal could re-ignite ETH toward $2,100, while a hawkish hold risks a flush through $1,850 and the 50-day EMA.

ETH is hovering just above the key $1,900 round-number support, but is underperforming BTC (-0.58% vs BTC +0.1%) as markets hold their breath for today's FOMC rate decision — a hold with hawkish guidance could tip ETH back below $1,900.

Main Risk

FOMC Rate Decision – July 29, 2026

Crypto slid into the two-day Fed meeting that started July 28; a hawkish hold or guidance signalling rates stay elevated into Q4 would reinforce USD strength and push ETH back below the $1,850 50-day EMA.