Ethereum Price Prediction: ETH Plummets 5% As FOMC Rate Decision Nears, And This GambleFI ICO Closes On $2 Million

The
Ethereum
price
slumped
5%
in
the
last
24
hours


to
trade
at
$2,294

as
of
03:44
a.m.
EST
on
trading
volume
that
skyrocketed
93%
to
$14.2
billion.

The
crypto
market
also
slumped
as
Asian
exchanges
opened
for
trading
ahead
of
a
key
week
where
traders
expect
the
Federal
Reserve
to
make
its
first
interest
rate
cut
in
over
four
years.

According
to
bets
on
Polymarket,
bettors
are
giving
it
a
52%
chance
of
a
50
basis
points
cut
and
a
47%
chance
of
a
25%
point
cut,
while
only
a
2%
chance
of
no
change.

Ethereum
Price
Could
Rebound

The
Ethereum
price
soared
from
September
7
to
September
15,
from
the
$2,214
support
to
the
$2,435
resistance,
within
a
rising
channel
pattern,
according
to
data
from


GeckoTerminal.

However,
the
bears
have
invalidated
the
bullish
stance
to
drop
below
the
lower
boundary
of
the
rising
channel
pattern.

The
drop
pushed
the
price
of
Ethereum
below
the
50-day
Simple
Moving
Average
(SMA),
with
the
200-day
SMA
still
remaining
a
resistance
that
the
bulls
need
to
overcome
for
the
price
to
soar
even
higher.

The
Ethereum
price
now
seems
to
be
rebounding
from
the
$2,266
support
zone,
which
could
prompt
a
prolonged
rally
in
the
coming
days.

This
reversal
is
confirmed
by
the
Relative
Strength
Index
(RSI)
trying
to
recover
from
the
30-oversold
region,
currently
at
35.

If
the
bulls
successfully
stage
a
bullish
trend
reversal,
the
Ethereum
price
could
soar
as
they
target
prices
above
the
200-day
SMA
at
$2,509.

However,
if
the
Ethereum
price
sustains
the
bearish
stance,
ETH
could
plunge
further
to
the
$2,200
support
zone.

Meanwhile,
investors
are
betting
big
on
the
new
Solana
GameFi
project


Mega
Dice
(DICE),
which
has
amassed
over
$1.85
million
in
early
funding
and
has
only
about
13
days
left
until
its
presale
ends.

Mega
Dice
Presale
Garners
Over
$1.85
Million
–
Next
100X
Crypto?

DICE
is
the
native
token
for
Mega
Dice
Casino,
a
crypto
casino
and
gaming
platform
that
has
over
11,000
monthly
users
who
lock
in
more
than
$50
million
in
bets
every
month.

WARNING:
Time’s
Almost
Up
to
Grab

$DICE
at
the
Lowest
Price!
????

The

$DICE
presale
is
about
to
close
its
doors,
with
the
last
price
increase
happening
this
Tuesday!
This
is
your
absolute
final
chance
to
get
in
on
the
best

#GameFi
token
on

#Solana
before
the
price
skyrockets!
⏳…

pic.twitter.com/vzF1t77DsA

—
Mega
Dice
Casino
(@megadice)

August
30,
2024

Users
on
the
platform
also
enjoy
over
4,000
casino
games
and
have
access
to
over
50
sports
and
eSports
betting
options.

Token
holders
can
earn
rewards
through
staking,
receiving
daily
payouts
based
on
the
casino’s
profits.

According
to
the
99Bitcoins
YouTube
channel,
which
boasts
over
706K
subscribers,
$DICE
could
potentially
soar
100X
after
its
launch. 

To
join
the
presale,


you
can
buy
$DICE
on
the
official
website
here

for
$0.116056
per
token
using
BNB,
ETH,
or
SOL.
You
can
also
earn
10%
on
any
purchases
made
by
investors
you
refer.

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