Ethereum Surges 7% Ahead of FOMC Decision—Traders Eye 30% Rally

Ethereum just ripped higher before the Fed speaks—and crypto traders are betting this is just the warm-up.

The Pre-FOMC Pump

Markets hate uncertainty, but crypto sometimes eats it for breakfast. Ethereum's sharp 7% jump right before the Federal Open Market Committee announcement shows traders are positioning for a dovish signal—or just ignoring traditional finance theater altogether. The move wasn't isolated; it had that classic 'smart money front-running the news' feel.

The 30% Bet

Where does it go from here? The chatter on trading desks and crypto Twitter points to one target: a 30% rally from current levels. That's not hopium—it's a technical play. Key resistance levels are now in sight, and a break above them with solid volume could trigger the kind of algorithmic buying frenzy that makes charts go vertical. It's the old market maxim: momentum attracts more momentum.

Why This Time Feels Different

Forget the 'digital gold' narrative for a second. This move is about Ethereum's utility engine firing up. Network activity, fee-burning mechanics, and looming protocol upgrades are creating a fundamental floor that wasn't there in previous cycles. It's not just speculation—it's a bet on a working economic system, which is ironically more than some traditional banks can claim these days.

The Cynical Take

Let's be real: half of Wall Street is still trying to figure out if Ethereum is a stock, a commodity, or a digital collectible. While they draft another 200-page research report, the market is voting with its wallet. The 7% move is a message—traditional finance's obsession with categorization is becoming a costly lagging indicator.

The stage is set. If Ethereum punches through the next key level, that 30% trader target becomes a self-fulfilling prophecy. And if it doesn't? Well, in crypto, a 7% pre-FOMC move is just Tuesday.

Ethereum price today jumped nearly 7% ahead of the highly awaited FOMC meeting on December 10. This sudden jump has brought new energy and hope back into the crypto market.

As of now, ETH is trading below $3,400, but well-known crypto trader Captain Faibik shared a bullish chart suggesting that ethereum could see a 30% rally in the coming days.

90% Chance Of Fed Rate Cut

A major reason for Ethereum’s rise is the growing confidence that the U.S. Federal Reserve may cut interest rates again. The Fed has already delivered two rate cuts earlier, and many traders believe another cut could come before the year ends. 

Meanwhile, CME FedWatch shows nearly a 90% chance of a 0.25% rate cut, especially as inflation cools and economic pressure builds.

This anticipation has created a classic “risk-on mood,” and Ethereum appears to be one of the biggest beneficiaries.

Ethereum Starts Outperforming Bitcoin

Ethereum is also gaining strength against Bitcoin. The ETH/BTC chart is slowly moving up, which often means investors are starting to shift money from Bitcoin into Ethereum.

At the same time, spot Ethereum ETFs recorded $177.7 million in inflows on December 9, more than Bitcoin’s $151.5 million. This shows that investors are currently showing a stronger interest in Ethereum.

There’s also rising speculation that BlackRock’s Ethereum staking ETF could get approved by late December or early January.

Ethereum Supply Tightens as Institutions Accumulate

Ethereum’s supply shortage is becoming difficult to ignore. The amount of ETH left on exchanges is now the lowest since 2015, with only about 8.7% of the total supply still available on centralized platforms.

Big investors are also buying a lot of Ethereum. Recently, Tom Lee’s Bitmine Immersion purchased $435 million worth of ETH.

In the last five months, large institutions have collected nearly 4 million ETH, a type of strong buying that often happens before big price jumps.

Is Ethereum Ready for a 30% Rally?

From a technical view, Ethereum has finally moved above a strong downward trendline. Crypto trader Captain Faibik explains that this trendline stopped every rally for almost two months, as sellers pushed the price down each time ETH tried to rise.

But now, Ethereum has broken through that line with clear strength.

Faibik believes this breakout could start a 30% rally, possibly sending ETH toward the $4,200–$4,300 range if buyers continue to step in.