October 28 $ETH Market Update｜Caution Prevails Ahead of the Federal Reserve Decision.
Ethereum rebounded from a low of 2281, currently trading around 2354 on the 4-hour chart. The short-term stop-loss signal is weak, so this can only be defined as a corrective move after the decline; reversal conditions are not yet met.
Tonight's FOMC interest rate decision is expected to keep the rate range unchanged at 3.75%–4.00%. The key variable in this market is Powell's press conference: his stance on inflation and guidance on December rate hikes will directly determine short-term risk asset sentiment.
Additionally, the Ethereum Glamsterdam upgrade test has been postponed due to a security vulnerability investigation. From a long-term ecosystem perspective, this is positive, but it suppresses upgrade expectations in the short term—just view it rationally.
Key levels to watch:
2350 support is the foundation for short-term continued recovery; the first upside target is 2400–2430, and if it holds, then look to 2450.
If it breaks below 2300 again and loses 2280, downside risk restarts, with support still seen at 2200–2250.
Given the high uncertainty of the decision, high-leverage positions should be reduced first to avoid risk. Wait for the news to settle and the market to form a clear structure before considering opening positions.
Summary: The rebound is just a correction; macro uncertainties remain unresolved. Tonight, defense is the priority.
#10月FOMC利率决议即将公布@OKX中文
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