The post How High Can Ethereum Price Go Right After Fed Rate Cut? appeared on BitcoinEthereumNews.com. Ethereum’s native token, Ether (ETH), has fallen 5.73% from its weekend high near $4,766, retreating as traders trim risk ahead of Wednesday’s Federal Reserve interest rate decision. ETH/USD daily price chart. Source: TradingView The pullback reflects caution in the market, but the bigger question is whether the Fed’s potential dovish shift could reignite Ethereum’s rally and how far its next move might extend. ETH price can rally 45% in a breakout scenario Ether bulls are defending the 20-day exponential moving average (20-day EMA; the green wave) near $4,450, showing resilience as markets price in a 96.1% chance of a Fed rate cut this week, up from 85.4% a month ago, with two more reductions expected by year’s end. ETH/USD daily price chart. Source: TradingView The consolidation has become a bull pennant, a continuation pattern typically preceding another leg higher. Volumes have steadily declined during this formation, a hallmark sign of a maturing pennant setup. Related: Bitcoin, Ether could make ‘monster move’ in next 3 months: Tom Lee The chart pattern projects a move toward $6,750 by October, more than 45% above current levels, if ETH closes decisively above the pennant’s upper trendline. This ETH upside target resembles the ones recently put forth by Tesseract CEO James Harris and analyst Donald Dean. Source: Donald Dean ETH dips are for buying: Analysts A failure to defend the 20-day EMA could open the door to a further decline toward the area defined by the triangle’s lower trendline (~$4,350) and the 50-day EMA (the red wave) near $4,200. But many analysts say these declines will likely lead to more dip-buying, leading the ETH price higher. That includes chartist Ash Crypto, who suggested that dropping below the pennant’s lower trendline wouldn’t invalidate the upside setup but instead send prices rallying over $5,000 in the coming… The post How High Can Ethereum Price Go Right After Fed Rate Cut? appeared on BitcoinEthereumNews.com. Ethereum’s native token, Ether (ETH), has fallen 5.73% from its weekend high near $4,766, retreating as traders trim risk ahead of Wednesday’s Federal Reserve interest rate decision. ETH/USD daily price chart. Source: TradingView The pullback reflects caution in the market, but the bigger question is whether the Fed’s potential dovish shift could reignite Ethereum’s rally and how far its next move might extend. ETH price can rally 45% in a breakout scenario Ether bulls are defending the 20-day exponential moving average (20-day EMA; the green wave) near $4,450, showing resilience as markets price in a 96.1% chance of a Fed rate cut this week, up from 85.4% a month ago, with two more reductions expected by year’s end. ETH/USD daily price chart. Source: TradingView The consolidation has become a bull pennant, a continuation pattern typically preceding another leg higher. Volumes have steadily declined during this formation, a hallmark sign of a maturing pennant setup. Related: Bitcoin, Ether could make ‘monster move’ in next 3 months: Tom Lee The chart pattern projects a move toward $6,750 by October, more than 45% above current levels, if ETH closes decisively above the pennant’s upper trendline. This ETH upside target resembles the ones recently put forth by Tesseract CEO James Harris and analyst Donald Dean. Source: Donald Dean ETH dips are for buying: Analysts A failure to defend the 20-day EMA could open the door to a further decline toward the area defined by the triangle’s lower trendline (~$4,350) and the 50-day EMA (the red wave) near $4,200. But many analysts say these declines will likely lead to more dip-buying, leading the ETH price higher. That includes chartist Ash Crypto, who suggested that dropping below the pennant’s lower trendline wouldn’t invalidate the upside setup but instead send prices rallying over $5,000 in the coming…