{"id":441014,"date":"2026-10-28T17:40:08","date_gmt":"2026-10-28T10:40:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-trims-losses-as-us-iran-deal-optimism-improves-risk-sentiment-while-traders-await-the-fomc-decision-441014\/"},"modified":"2026-10-28T17:40:08","modified_gmt":"2026-10-28T10:40:08","slug":"ethereum-trims-losses-as-us-iran-deal-optimism-improves-risk-sentiment-while-traders-await-the-fomc-decision","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-trims-losses-as-us-iran-deal-optimism-improves-risk-sentiment-while-traders-await-the-fomc-decision-441014\/","title":{"rendered":"Ethereum trims losses as US-Iran deal optimism improves risk sentiment, while traders await the FOMC decision"},"content":{"rendered":"
\n

Ethereum rallied
\n yesterday as renewed hopes for a US-Iran deal helped improve the risk
\n sentiment. The market reacted to reports that Iran’s security chief met with
\n Supreme Leader Khamenei, who reportedly stressed the importance of pursuing
\n Iran’s interests and securing its conditions to end the war and break the
\n stalemate.<\/p>\n

The prospect of
\n de-escalation could support Ethereum in the short-term but a sustained trend
\n will need more concrete developments. With the US midterm elections
\n approaching, markets are increasingly sensitive to developments that might
\n bring the conflict closer to an end or lead to another escalation.<\/p>\n

This morning,
\n Reuters reported that Qatari mediators presented Iran with a new draft deal on
\n Sunday. Tehran is reportedly considering the proposal, with a response expected
\n by the end of the week. The draft outlines a seven-day timeline for addressing
\n both sides’ concerns through daily confidence-building measures, potentially
\n starting early next week. While no agreement is confirmed yet, progress in
\n negotiations could provide further support for crypto markets.<\/p>\n

The focus today
\n will be on the FOMC decision, with the Fed widely expected to leave rates
\n unchanged. With no new projections or dot plot expected, the focus will be on
\n Chair Warsh’s comments and any changes in the statement’s language.<\/p>\n

A surprise rate
\n hike would likely trigger a hawkish repricing, strengthen growth concerns and weigh
\n on Ethereum. A neutral hold that avoids signalling imminent tightening, on the
\n other hand, could be interpreted as dovish and trigger a relief rally across
\n crypto markets. <\/p>\n

\u00a0<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that Ethereum<\/a>pulled back to retest the broken
\n 2,360 support. We can expect the sellers to step in around the broken support,
\n with a defined risk above it, to keep targeting the 1,900 level. The buyers, on
\n the other hand, will need a break above the downward trendline to start
\n positioning for a rally into the 3,400 level next, with the 2,800 level as the
\n first target.<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we now
\n have a minor upward trendline defining the recent pullback. If we get a
\n rejection from the broken support, we can expect the buyers to lean on the
\n minor trendline, with a defined risk below it, to keep pushing into new highs.
\n The sellers, on the other hand, will look for a break lower to increase the
\n bearish bets into the 1,900 level next.<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we can add here as the sellers will have a better risk to reward setup
\n around the broken support and the major downward trendline, while the buyers
\n will need a break above these key levels to open the door for new highs. The
\n red lines define the average daily range<\/a> for today.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we have the FOMC rate
\n decision. Tomorrow, we get the US GDP report, the US PCE and the latest US
\n Jobless Claims figures. On Friday, we conclude the week with the US Employment
\n Cost Index.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Ethereum rallied yesterday as renewed hopes for a US-Iran deal helped improve the risk sentiment. The market reacted to reports that Iran’s security chief met with Supreme Leader Khamenei, who reportedly stressed…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-441014","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=441014"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}