ETH/USD Forecast After Fed Meeting & BlackRock ETH Staking ETF Ethereum / US DollarCOINBASE:ETHUSDJohn_IsigeETH/USD remains in a medium-term downtrend, but since last week the price has stabilized inside a 3125–2980 consolidation zone (Murray , 50% Fib, mid-Bollinger Band). The market is holding this range while awaiting the Fed’s December 10 rate decision. The CME FedWatch Tool shows a 89% probability of a 25 bps cut to 3.75%. Since this outcome is largely priced in, traders are focused on forward guidance: • Continuation of easing in January → bullish for crypto • Pause after December → bearish for risk assets ETH receives additional support from BlackRock’s filing of an S-1 to launch the iShares Ethereum Staking Trust (ETHB) — a staking ETF that could expand institutional participation. Despite this, sentiment remains weak: the Fear & Greed Index stays at 22, and Ethereum ETFs saw $56.4M in outflows last week (though Monday brought +$35.5M). ⸻ Market Structure ETH trades inside a broad bearish structure with key boundaries defined: Bullish reversal zone: 3437–3540 (Murray , 38.2% Fib, upper BB) A breakout above this area opens the way toward: • 4062.50 (23.6% Fib, Murray ) • 4687.50 (Murray ) • 5000.00 (Murray ) Bearish continuation zone: 2812.50–2720.00 (Murray , 61.8% Fib) A breakdown below this support activates targets: • 2187.50 (Murray ) • 1875.00 (Murray ) Indicators: • Bollinger Bands → flattening (rangebound) • Stochastic → neutral, sideways • MACD → continues drifting lower in negative territory No clear momentum signal yet, confirming indecision before the Fed meeting. ⸻ Key Levels Resistance: 3540 • 4062.50 • 4687.50 • 5000 Support: 2720 • 2187.50 • 1875 ⸻ ETH/USD — Trading Scenarios (Weekly) Primary Scenario — SELL STOP Entry: 2700 TP: 2187.50 • 1875 SL: 3100 Alternative Scenario — BUY STOP Entry: 3550 TP: 4062.50 • 4687.50 • 5000 SL: 3240