Today, September 18, the Federal Reserve (Fed) will announce its decision on interest rates, which could cause market fluctuations and impact the next phase of the cryptocurrency bull run.
Ethereum Levels to Watch
The analyst said that if Ethereum manages to break above $2,443 in the ETH/USD pair, this would signal a potential change in structure. The market is forming a possible higher low, which suggests that a bullish move could be on the horizon.
Major Developments and Price Movement of RUNE
ThorChain’s (RUNE) founder recently received approval to run a fully licensed fund with self-custody for RUNE. This development is important as it allows for fund management and node operation in a decentralized manner. He is also looking at a potential W-formation in the price chart, which could lead to higher targets around the $6 level.
Other Altcoins to Watch
* **Kaspa (KAS):** The coin is performing well and continues its upward trend. The analyst suggested waiting for a pullback. * **Solana (SOL):** Solana is lagging but may see momentum shift if it can reclaim the $160 level. The upcoming Breakpoint conference could be a catalyst. * **SUI:** SUI is approaching a top boundary, and the analyst recommends waiting for a pullback to buy at a higher low. * **Injective (INJ):** Injective is breaching its falling wedge and approaching major support. A breakout could lead to gains. * **Near (NEAR):** Near is also approaching a support zone, but the analyst suggests waiting for it to drop lower.
The Federal Reserve's interest rate announcement could significantly impact the cryptocurrency market. Investors should closely monitor key levels and events to make informed decisions.
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