Can ETH Break $3,000 After Fed?

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Ahmed Barakat

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Mar 2024

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Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.


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Ethereum sits at $2,400, dropping a brutal 4% on the day amid its bullish price prediction a week earlier. The largest altcoin absorbed a legislative gut-punch and is staring down a Fed decision that would rattle most assets, yet whale wallets are still buying.

The CLARITY Act failed to clear the 60-vote cloture threshold in the Senate on Tuesday, triggering an immediate 5% drop toward $2,400 as regulatory clarity got pushed further down the road. Despite that, the setback hasn’t broken the underlying bid.

ETH holds at $2,400 despite the CLARITY Act and Fed decision. Ethereum whale accumulation points to a bullish price prediction.

Exchange netflow data shows reserves falling by 159K ETH over five days, while wallets holding 10K-100K ETH, or the whale cohort, added roughly 200K ETH to their stacks over the past week. Retail, meanwhile, dumped about 192K ETH, continuing a distribution pattern that’s held since January.

Add in $121 million of spot ETH ETF inflows on Monday, and $216.4 million on Friday, and the divergence between institutional accumulation and retail selling becomes the real story heading into Thursday’s FOMC decision.

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Ethereum Price Prediction: Will ETH Hit $3,000 This Week?

ETH is consolidating in a triangle pattern between support at $2,405–$2,485 and resistance at $2,535–$2,600. The 20-day EMA near $2,425 has held as a floor through the recent pullback, and volume has stayed constructive rather than capitulatory, a sign this dip is more consolidation than reversal.

A decisive close above $2,600 would confirm the breakout, opening a run toward the $2,800–$3,000 zone that Bitget’s analysts are flagging as the next psychological target. If ETH instead grinds sideways, the $2,400–$2,550 range could hold until the Fed decision clears the calendar.

A break below $2,350 would invalidate the setup and reopen the August lows near $1,880. With a 92.3% priced-in probability of a 25bp hike per the CME FedWatch tool. Thursday’s outcome is largely baked in, and the real risk is the accompanying commentary. Full breakdown available in this Ethereum price prediction.

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LiquidChain Targets Early Mover Upside as Ethereum Tests Key Levels

ETH holders riding this consolidation are positioned reasonably well, but let’s be direct: a move from $2,400 to $3,000 on a trillion-dollar-plus asset is a solid 25% swing, not a multi-bagger. For traders chasing asymmetric upside, that math pushes attention toward earlier-stage infrastructure plays instead.

That’s the lane LiquidChain ($LIQUID) is building in. Liquid is a Layer 3 network fusing Bitcoin, Ethereum, and Solana liquidity into one execution environment. The presale is priced at $0.014956 with $960K raised so far.

Its pitch centers on a Unified Liquidity Layer and Single-Step Execution, letting developers deploy once and tap all three ecosystems rather than fragmenting liquidity across chains. Verifiable Settlement rounds out the architecture.

Research LiquidChain before the next price hike.

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