ETH back above $2,350 ahead of today's Fed decision.
Ethereum is bouncing this morning, climbing about 2% and back above $2,350 after the weekend sell-off pushed ETH towards $2,300.
Bitcoin is also recovering near $81,000.
But today's biggest catalyst may come from outside crypto.
The US Federal Reserve announces its latest interest rate decision as markets closely monitor signals around December rates, inflation and liquidity.
Why does it matter to ETH?
Higher interest rate expectations can pressure risk assets, while a more favorable outlook can have the opposite effect.
That's why Ethereum trades directly into one of the biggest macro events of the week.
Close levels to watch remain around $2,300 and $2,600.
Today may be less about another crypto headline — and more about what the Fed says next.