Ethereum Surges on US Federal Reserve Rate Hike

The US Federal Reserve raised its benchmark interest rate by 25 basis points to a range of 3.75-4.00%, leading to increased demand for digital assets like Ethereum.

Ethereum's price rose 3.40% in the last 24 hours, trading at $2,665.97, and is positioned above its key moving averages, indicating buyer control.

The asset is expected to remain within a volatility band ranging from $2,478 to $2,804 over the next 2-3 days, with odds favoring continued consolidation between these levels.

Momentum indicators are on 'Buy' signals, but overbought conditions may restrict immediate upside. The Ichimoku Kijun at $2,548 acts as a key short-term support level.