Ethereum drops to $2,241 as FOMC pressure deepens selloff
Ethereum drops to $2,241 after failing to clear a key resistance zone. The selloff intensified following consecutive moves attributed to Federal Open Market Committee (FOMC) pressure.
Technicals: On the 1-hour chart, ETH turned lower after the resistance rejection. Analysts highlight the Fibonacci marker around $2,240 and watch whether Ethereum holds above the $2,220 support area. If Ethereum drops to $2,241 and cannot defend support, downside targets cited include $2,178, $2,119 and $2,037. A broader resistance zone is flagged between $2,290 and $2,334; even a break above it may only be a corrective bounce inside a bearish structure.
Macro pattern: The article points to repeated post-FOMC weakness over the past two years, with ETH declines including -35.01% (after Oct 29, 2025), -19.39% (Dec 10), -42.57% (Jan 28), and -17.50% (Mar 18). Traders are therefore monitoring whether another similar post-meeting downturn emerges.
Near-term focus: Investors are advised to track how Ethereum behaves around current support/resistance levels, while also factoring in rate expectations, inflation prints, USD strength, ETF flows and broader risk sentiment.
(Disclaimer: Not investment advice.)
Bearish
The article frames Ethereum’s move as continuation of a downtrend: ETH rejected a prominent resistance band, turned lower, and is hovering near the $2,220 support area. That setup is technically bearish because failure to defend support typically attracts momentum sellers and can accelerate toward the next downside levels ($2,178 → $2,037).
Fundamentally, the focus on FOMC is also negative for near-term positioning. The text cites a recurring historical pattern of ETH drawdowns after several major FOMC meetings (e.g., sharp drops after late-2025 and early-2026 sessions). Similar “event-driven” selloffs have often led traders to de-risk into macro headlines, causing volatility spikes and trend continuation rather than immediate reversals.
Short term: watch whether Ethereum drops to $2,241 and then holds above $2,220. A breakdown would likely keep bearish momentum intact.
Long term: if ETH can later reclaim the larger resistance zone ($2,290–$2,334) and the macro picture improves (rates/USD/ETF flows stabilise), the selloff could transition into a broader consolidation. But based on the article’s current technical + post-FOMC historical context, the expected bias remains bearish.