Ethereum has remained under downward pressure following its rejection at a key resistance level in recent days. The short-term outlook now centers on how the price will behave between this resistance and the current support line. Market watchers are closely scrutinizing price action post the latest Federal Open Market Committee (FOMC) meeting, as charts reveal what may lie ahead for investors.
Resistance rejection and short-term technical picture
On the one-hour charts, Ethereum failed to break through a prominent resistance area and has since turned lower. According to the latest analysis shared by cryptocurrency experts, after being rejected at resistance, ETH was trading near $2,241. Analysts note a continuation of the third leg of the downtrend in the short term, with sellers retaining control in the market.
From a technical standpoint, the $2,290 to $2,334 range stands out as a critical resistance zone for the potential fourth wave. Even if Ethereum manages to break above this area, it would not necessarily signal a new uptrend; analysts stress that such a move could merely represent an interim correction within the prevailing bearish trend.
The 38.2% Fibonacci retracement level at $2,240 is being watched as a key short-term marker. Should Ethereum fail to hold this support, the next targets on the downside are $2,178, $2,119, and then $2,037. Broadly speaking, the price’s position below a descending trendline signals that downward momentum remains firmly in place for ETH.
Patterns after FOMC meetings and recent price action
Ethereum’s performance following major US Federal Reserve meetings has caught investor attention, as sharp declines have occurred after several recent FOMC decisions. Data reveals that after the four main FOMC sessions over the past two years, ETH suffered significant losses: down 35.01% post-October 29, 2025, meeting; a 19.39% drop after December 10; down 42.57% post-January 28; and a 17.50% decline following March 18.
These noticeable post-FOMC declines suggest that Ethereum investors should act cautiously in the short term. Experts are questioning whether a similar pattern could emerge again this month.
In the aftermath of the latest meeting, Ethereum is fluctuating around the $2,323 level, testing another pivotal area. Whether another round of declines will begin is likely to become clear through near-term price movements.
Historically, quick downturns have been common immediately after FOMC decisions. However, analysts caution against relying solely on past data to make concrete predictions. Factors such as interest rate expectations, inflation figures, the strength of the US dollar, ETF inflows, and overall market sentiment all play a role in shaping Ethereum’s price trajectory.
Key support levels in focus
Currently, the support area between $2,220 and $2,460 has become a focal point for those tracking Ethereum. If the price manages to hold above this band, it could limit further selling pressure. Conversely, dropping below this range could spark declines similar to those seen after previous FOMC-induced corrections.
In summary, Ethereum’s recent activity has played out under the shadow of sharp FOMC-related declines. For now, investors are advised to pay close attention to both technical levels and further developments from the Federal Reserve as they gauge their next steps.
