The crypto market has experienced a bullish turnaround after the Federal Reserve decided to maintain a steady interest rate cut. This led to Bitcoin's price reclaiming the $105,000 mark and Ethereum's price reaching $3,200. Ethereum's price increase has been accompanied by a significant growth in onchain activity, with active addresses reaching 670,000, suggesting a strengthening network effect. The Ethereum price correction has formed a falling wedge pattern, indicating a temporary pullback in price before a higher rally. If the resistance is successfully flipped into support, Ethereum's price could surge to $3,720 and then $4,100. However, if market uncertainty continues, Ethereum could struggle to break out and may fall below $3,000.



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