Ethereum Price Holding Steady Ahead of FOMC Decision

Ethereum's price has been holding steady at $1,915, up by 1.6% in the past 24 hours.

This modest gain comes as the market awaits the FOMC interest rate decision, a macro event known to trigger significant moves in risk assets.

The 24-hour range for Ethereum has been between $1,885.71 and $1,927.51, indicating a relatively tight trading band.

On-chain data is sending mixed signals, with the Coinbase Premium Index dropping from -0.036 to -0.098 over the past week, indicating negative sentiment among US institutional investors relative to global venues.