coingape.com
The Fed’s FOMC meeting conclusion of fewer rate cuts in 2025 caused the crypto markets to crash. As a result, Ethereum closed 7% lower on Wednesday. Ethereum price today trades at $3,700. The four-hour chart hints at a sell signal and that a reversal could be coming for ETH due to the double-top formation. This setup is a sell signal. As the name suggests, the technical formation contains two local tops, which often leads to a reversal of the uptrend. Will Ether reverse the bull trend and trigger another double-digit correction? Let’s find out.