Ethereum surged 7% ahead of the FOMC meeting.
$ETH rose nearly 7% ahead of the meeting of the U.S. Federal Reserve (Fed), as traders bet on a 90% probability of interest rate cuts.$ETHThe current price remains below $3,400, but analysts believe that breaking the two-month downward trend is a significant achievement - and it is starting to outperform $BTC as investors shift towards higher-risk assets.
Institutions are driving the growth momentum: spot ETH ETF funds have just recorded a stronger inflow than before.BTCAnd the trade balance has fallen to its lowest level since 2015. With tight supply and rising confidence, traders believe a 30% increase is entirely possible.
