Trend Holds for Now, But $2,550 Resistance Is Capping Gains

Currently, Ethereum is trading above its ascending trendline. However, the price is facing a strong resistance zone around $2,550.

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If this level is broken with meaningful volume, a short-term push toward $2,650 becomes a likely scenario. This move could bring renewed momentum to the market.

Losing the Trend Could Bring $2,360 Into Play

On the flip side, a breakdown below the trendline or the confirmation of a descending triangle formation could reverse the current outlook. In this case, the $2,360 area would act as the first key support.

In such indecisive market conditions, waiting for price confirmation before entering trades can be a safer strategy for investors.

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The post Ethereum Faces Key Resistance: Breakout or Breakdown Ahead? appeared first on Coin Engineer.

This FVG zone previously marked a strong area of buyer interest. Once again, XRP finds itself testing this zone, and traders are watching closely for signs of continuation or rejection.

2.65$ Resistance In Sight

If XRP manages to hold above the current FVG support, the next likely target is 2.65$. A sustained move higher could signal renewed bullish momentum and open the door for a more optimistic short-term outlook.

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Strong buying volume could push the price steadily toward this resistance level.

Beware Of The 2.46$ Support

On the flip side, if XRP fails to hold the FVG support zone, the first downside level to watch is 2.46$. A breakdown below this mark could indicate growing bearish pressure and a broader correction ahead.

For now, monitoring how price reacts in this zone — particularly with respect to volume — is essential for anticipating the next move.

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The post XRP At A Critical Zone: Will The Rally Begin Or Sell-Off Deepen? appeared first on Coin Engineer.

With this remark, Powell reaffirmed that political pressure has no influence on the Fed’s monetary policy. He also emphasized that “the President’s calls for rate cuts do not affect our job in any way.”

Inflation Uncertainty and Tariff Impact

Another critical focus of the meeting was inflation and the impact of tariffs. Powell said, “The core inflation picture looks good, but we can’t say how long it will last.” He added that there is significant uncertainty around tariffs and their longer-term implications.

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“We haven’t yet seen major economic effects from tariff data,” Powell said, while warning that if the sharp increases in tariffs continue, “we could see higher inflation and lower employment.”

He also noted, “According to survey participants, inflation expectations are now being shaped by tariffs. So far, tariffs have been significantly larger than expected.”

Rate Cut Signals Without a Timeline

Although Powell left the door open for future rate cuts, he refrained from committing to any specific timeline. Regarding market expectations of two cuts in March, he responded, “We can’t make that prediction right now; we need to wait until June.”

One of Powell’s key remarks was:

“There are conditions this year where rate cuts could be appropriate.” He added, “When things evolve and it’s appropriate, we can move quickly. But now is the time to wait before changing policy.”

These statements suggest that the Federal Reserve is not rushing into decisions but remains prepared to act swiftly if economic data requires it.

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The post Powell: Rate Cut Pressure Doesn’t Affect Our Duty, No Rush in Policy Shift appeared first on Coin Engineer.