Bitcoin 
$78,415 price stood at $62,900 at the time of writing, with altcoins returning to neutral levels. For BTC’s upward trend to continue, it must remain above the $63,000 mark. During this time, Fed member Bowman expressed objections regarding the latest decision. So, what is the current status of ETH and PEPE Coin?
Fed Statements
Fed member Bowman was among those opposing the 50bp interest rate cut decision made with significant support. He believes that markets might interpret the 50bp rate cut as an early victory, complicating the Fed’s task. In his recent dissenting statement, he indicated that the hawkish wing of the Fed played a balancing role.
“In this meeting, I acknowledged that adjusting the Fed’s interest level is appropriate, but I recommended a smaller initial move. We have not yet achieved our inflation target. I see the risk that a larger policy action by the FOMC might be interpreted as an early victory in inflation. Such an approach would avoid unnecessarily fueling demand. The economy continues to remain strong, and the labor market is close to full employment. I believe that proceeding at a measured pace towards a more neutral policy stance will enable further progress towards returning inflation to the 2% target.”
Ethereum Price Outlook
The largest altcoin by market capitalization, ETH, continues to struggle below the $2,823 resistance. Although BTC and USD pairs have experienced a rebound, ETH must attract strong demand at the $2,560 resistance zone. If successful, it could rise to key resistance before aiming for levels above $3,000.
In a bearish scenario, closures below $2,461 might accelerate selling, potentially leading to a test of $2,264.
PEPE Coin Analysis
Expected to be a favorite among bulls, PEPE Coin has yet to initiate a recovery. Sales above $0.00000825 could reflect potential for a return to $0.00000751, but there is no need for pessimism as long as BTC remains above $61,700. Should an upward movement supported by demand occur, $0.00000987 may be tested, with targets of $0.00001278 and $0.00001688 also coming into play.
In a bearish scenario, support remains at $0.00000701.
