The Ethereum price daily chart is showing tentative signs of recovery just as the Federal Reserve faces one of its most complicated meetings of the year. With policymakers debating whether to delay or even cancel December’s meeting due to missing job data, markets are reacting with uncertainty. For Ethereum price, this kind of macro hesitation has often fueled volatility—especially when interest rate expectations shift rapidly.
The Fed’s Indecision and Investor Nerves
The Fed’s dilemma is simple but critical. Without November labor data, they’re forced to decide between cutting rates for the third time or holding steady to fight inflation. Historically, rate cuts have spurred risk assets like Ethereum, but the timing matters.
If the Fed delays the meeting, that uncertainty could temporarily stall bullish momentum across crypto. As of now, futures markets are pricing in an 83% probability of a rate cut, but any hint of hesitation could lead to another wave of volatility before the decision.
ETH Price Battles the Mid-Band Resistance
On the daily chart, Ethereum price is trading around $2,933, testing the mid-line of its Bollinger Bands after a multi-week downtrend. The recent candles are Heikin Ashi bullish, suggesting short-term reversal strength, but the 20-day SMA near $3,158 remains a key resistance barrier.
- •Support Zone: $2,640–$2,700
- •Resistance Zone: $3,150–$3,200
- •Next Pivot Target: $3,400 if the breakout sustains above the 20-day SMA
ETH’s current movement hints at consolidation before a possible bullish expansion. The Bollinger Bands have started to narrow, which often precedes a volatility breakout. A decisive daily close above $3,200 would likely confirm the start of that phase.
Fed Policy Meets Technical Pressure
Ethereum’s chart behavior over the past two months mirrors investor sentiment toward Fed policy. Each time expectations for a rate cut strengthen, ETH bounces from its lower band—just as it did this week from near $2,640. If the Fed delays the meeting or signals policy uncertainty, traders could take profits early, sending ETH back toward support.
However, if the Fed moves forward and confirms a cut, liquidity inflows could lift ETH price toward the upper Bollinger Band near $3,674. This aligns with the Fibonacci retracement from the last major swing, marking a strong confluence for mid-term resistance.
Short-Term Ethereum Price Prediction: “Vibes Over Data” Market
UBS analysts called the current Fed situation “operating in a fog,” and that sentiment captures Ethereum price setup perfectly. Technicals show ETH price trying to reverse, but conviction remains weak. A lot depends on whether macro clarity returns before December 10.
If ETH maintains support above $2,850 for three consecutive days, the odds of retesting $3,200–$3,400 grow sharply. But a drop below $2,800 would invalidate this rebound and reopen the path to $2,600 or even $2,400 support.
ETH’s Reaction to the December Decision
If the Fed cuts rates or delays its decision but signals dovish intent, Ethereum price could rally toward $3,600 in December. A no-cut stance combined with continued inflation warnings could drag it back into the $2,600–$2,700 zone.
The next move will be less about charts and more about macro confidence. Ethereum’s price is now moving at the intersection of policy uncertainty and trader psychology—and whichever way that breaks, volatility is guaranteed. Ethereum’s rebound from $2,640 shows early strength, but it needs confirmation above $3,150 to prove this isn’t just another relief rally. The Fed’s December meeting will decide whether $ETH reclaims its bullish trend—or slips back into winter.