
Why Ethereum’s post-FOMC move could push ETH past $4K
Ethereum has a habit of stealing the spotlight once the dust settles post-FOMC. With smart money active near local highs, is ETH positioning itself for the next leg higher?
Over the past two weeks, Bitcoin dominance (BTC.D) has bounced off a key support zone at 60%. However, Ethereum [ETH] held steady above $3,800, closing back-to-back weekly candles in the green. That’s not what you’d usually expect. When BTC.D moves higher, ETH.D tends to bleed. This time, however, Ethereum dominance [ETH.D] actually climbed nearly 3%, pushing up to 12.13%. That’s a clear sign of relative strength, and possibly early rotation.
Is Ethereum quietly gearing up for a move against Bitcoin [BTC]?
Market rebalances post-FOMC
Ethereum has been following a pretty clean post-FOMC pattern lately. After the May meeting, ETH bounced hard off the sub-$2,000 level, cutting through three key supply zones. The move ran close to 40%, flipping $2,500 into support with clean trend alignment.
The June FOMC delivered an even stronger move. Ethereum rallied 50%, showing strong bullish continuation and slicing through supply zones without much resistance.
Now that July’s FOMC is behind us, Ethereum is flagging just under $3,900. And just like the last two meetings, the Federal Reserve stuck to its hawkish tone again, this time softening the odds of a September cut, which typically cools risk appetite.
The reaction? BTC.D opened with a -0.35% intraday fade, while ETH.D pushed +0.50% higher. Is this not random but a classic early-stage rotation signal as strategic players shift exposure to mitigate risk?
Aggressive spot bids have hit Ethereum
Zooming out post-FOMC, Bitcoin booked solid upside – +11% and +14% off the last two meetings. However, Ethereum led the tape both times, showcasing stronger follow-through.
Now with ETH/BTC breaking clean above the 0.03 handle at press time? It’s clear we’re witnessing rotation take shape.
Supporting that, Lookonchain flagged three “fresh” whale wallets scooping up a staggering 73,821 ETH. According to AMBCrypto, sizeable bids from new smart money rarely show up without intent.
Source: ambcrypto.com