Ethereum is under pressure after new resistance rejections, but recent FOMC patterns show that $ETH It has been struggling since the Fed meeting.
Currently, traders are $ETH It could hold its key support or face another sharp decline after the FOMC.
Ethereum price faces third wave of pressure after resistance rejection
Ethereum remained under short-term pressure after the price failed to break out of resistance and fell on the hourly chart.
Here is the chart for More Crypto Online $ETH Following a rejection from the upper resistance area, the price is trading near $2,241. The analyst said that Ethereum is still grappling with a third wave to the downside, which means sellers remain active in the current short-term structure.
$ETH Short-term wave number. sauce: more crypto online
The main resistance zone for the fourth wave is between $2,290 and $2,334. if $ETH A pullback could make this space the next test for buyers. A rally into this range alone does not confirm a bullish reversal. Instead, it could mark a corrective bounce within a broader downward move.
Ethereum is also trading around the 38.2% Fibonacci level at around $2,240. This level currently serves as a short-term reference point. if $ETH If it cannot hold near this area, the chart shows the lower Fibonacci levels of $2,178, $2,119, and $2,037.
The broader structure still shows the price staying below the downtrend line. This keeps the pressure on $ETH Unless buyers regain resistance and push the price back above the marked 4th wave zone.
For now, the charts suggest that Ethereum remains vulnerable while trading below $2,290 to $2,334. A stronger recovery would require a clear break above that zone. Until then, the downside structure remains in control.
Ethereum chart shows repeated declines after FOMC
According to the daily ETHUSDT chart shared by Ted, Ethereum has shown repeated weakness after the recent FOMC meeting.
This chart shows the four major post-FOMC declines since October 2025. $ETH It fell by 35.01% after the October 29th meeting, 19.39% after the December 10th meeting, 42.57% after the January 28th meeting, and 17.50% after the March 18th meeting.
Ethereum price decline after FOMC. sauce: ted pillows
now, $ETH After that, it is trading around $2,323. April 29th FOMC meeting. In this setting, the same question again arises: Will Ethereum repeat its decline after the meeting or break the pattern?
However, the graph only shows past reactions. This is not a guarantee that further declines will occur. Post-FOMC price movements may change based on interest rate guidance, inflation data, bond yields, dollar strength, ETF flows, and broader crypto market sentiment.
Still, repeated declines are important for short-term traders. $ETH Failed to maintain momentum after some recent Fed decisions. Each notable decline began near or immediately after the FOMC date and declined during subsequent sessions.
For now, the key level is the recent range around $2,220 to $2,460. if $ETH If the price rises above the lower end of that range, buyers could prevent deeper moves post-FOMC. But if $ETH Once that area is lost, the chart will look similar to the previous breakdown.
The main takeaway is simple. Ethereum has a history of sharp declines after the FOMC. However, the April setup still requires confirmation from previous patterns as well as price trends.
