Ether (ETH) has zoomed almost 7% in the last 24 hours to carry out gains among the majors while traders await Wednesday the results of the meeting of the Federal Open Market Committee (FOMC).
ETH gains were coupled with a gain of 4% at the same time Dogecoin (DOGE), which has historically tend to act in correlation in the movements of the active. Others memecoins based on Ethereum Pepe (PEPE) and MOG (MOG), increased by more than 5% – continuing to act as raised bets.
Elsewhere, Majors XRP, BNB of the BNB chain, Solana soil and Ada Rose de Cardano. The TRX TRX dropped after a 5% wave earlier during the day while the Memecoin trading resumed on the blockchain after an update at no cost in the Sunpump platform.
Bitcoin (BTC) increased by 2% and remained stable by less than $ 84,000 in Asian evening hours before the FOMC, where traders expect the rates to be stable. The $ 80,000 mark remains to be monitored, according to some, because a break below would mean that a level of critical support disappears.
The widely watched ETH / BTC ratio – or the ether exchange pair for Bitcoin – has gone from 0.23 to 0.24 since Asian morning hours, indicating a more risky ETH demand bump compared to the perceived security of Bitcoin.
Ether has increased in an immediate catalyst, but the mother’s creation network has technical catalysts in preparation. The upgrading of Pectra, the next major update of Ethereum, is currently in testing and aims to improve scalability, development and user experience with more than 20 EIP, in particular EIP-7702 (intelligent account functionality) and EIP-7251 (increase in the limits of implementation of the validator to 2,048 ETH).
The tests began on Holesky in February 2025, followed by Sepolia in March, but were faced with challenges such as transaction processing problems due to customer incompatibilities. A new testnet, Hooli, was launched on March 17, with Pectra tests scheduled for March 26. In case of success, the Mainnet deployment was expected at the end of April or early May 2025.
“BTC has found some support for $ 80,000, but it seems at best in the midst of wider macro weakness,” said Capital Capital Traders based in Singapore in a broadcast message. “We will not try to call the exact moment when music stops, but in the short term, we have trouble identifying significant rear winds to reverse this rout.”
“We will closely monitor all dominant changes, especially on growth and inflation expectations.
Meanwhile, Gold exploded by more than $ 3,000 for new peaks earlier Wednesday, which led to the opposite correlation of yellow metal with bitcoin.
“Despite its historical correlation with gold as a macro hedge, the current divergence of Bitcoin – decreases while gold increases – suggests that it acts more like an asset of risk, influenced by the political uncertainty of the Fed, taking advantage and a transition to traditional conedesk”, Ryan Lee, in chief of Bitget Research, told CoindSk in a Telegram message.
“The result of the FOMC could either trigger a recovery if it is equipped or in -depth of the correction in the event of a donut, the short -term trajectory of Bitcoin linked to wider economic signals rather than strengthening its role of” digital gold “,” added Lee.
