The Fed’s FOMC assembly conclusion of fewer charge cuts in 2025 induced the crypto markets to crash. Because of this, Ethereum closed 7% decrease on Wednesday. Ethereum value immediately trades at $3,700. The four-hour chart hints at a promote sign and {that a} reversal could possibly be coming for ETH because of the double-top formation. This setup is a promote sign. Because the identify suggests, the technical formation incorporates two native tops, which frequently results in a reversal of the uptrend. Will Ether reverse the bull development and set off one other double-digit correction? Let’s discover out.
Reading: Ethereum (ETH) Price Prediction For December 19: Sell Signals Emerge
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