Ethereum Price Prediction: FOMC Rate Hike Pause Bites, Can ETH Defend $1,600 Support?

Ethereum price is on the verge of confirming a rejection from a potential bull market support provided by the 200-weekly Exponential Moving Average (EMA). Declines below this support – now resistance is exerting pressure on the next buyer congestion area at $1,600. Bulls must move and act quickly to keep sellers off this area, otherwise,

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