Bitcoin and altcoins hold marginal gains after the Fed announced a 0.75% interest rate hike, but a strong reason to incentivize buying has yet to emerge.
) has been declining in a descending channel pattern for the past few days. The price bounced off the support line of the channel on Sept. 19, indicating buying on dips.The bulls are attempting to start a relief rally, which could pick up strength above $1,400. If this level is conquered, the ETH/USDT pair could rise to the 20-day EMA .
If the price turns down from the 20-day EMA, it will suggest that the sentiment remains negative and traders are selling on rallies. That could sink the price to the support line of the channel. If this support fails to hold up, the pair could plummet to $1,000.is correcting inside a descending channel pattern. The strong bounce off $258 is a positive sign as it indicates demand at lower levels.
If the price turns down from the resistance line, the BNB/USDT pair could again drop to $258. If this support cracks, the pair could slide to the support line of the channel. The bulls will have to push and sustain the price above the channel to improve the prospects of a rally to the stiff overhead resistance at $338.
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