Ethereum Price Hits Make-or-Break Zone Ahead of FOMC Meeting

Ethereum's price is at a critical juncture as it approaches the $2,550-$2,660 resistance zone. Analyst Crypto Patel notes that this area represents a convergence of descending trendline resistance, horizontal supply, and structural resistance.

If Ethereum breaks above this zone, it could confirm a bullish structural expansion. However, if it fails to do so, it may trigger a corrective move towards $2,143, $2,000, or even $1,870.

Meanwhile, traders are pre-positioning ahead of the upcoming CLARITY Act vote and Federal Open Market Committee (FOMC) meeting. This could lead to heightened volatility in Ethereum's price.