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ETH Levels and Projections

Analysis done on hourly candles. The recent rally from the crypto markets pushed ETH back above its 50 day moving average on the daily chart, which is now acting as a major support for the chart. Crypto markets and other other financial markets were selling off leading to the major Fed event about interest rates, but the event brought forth a reversal to the upside so far. With ETH back above the 50 day MA, we may see it continue to rally as long as it holds that level. Price target on the potential rally is 3000.00-3040.00 to start. Overall, even after the market correction, ETH didn't fall into risky territory and held strong against other coins, which is a good sign for their future.