Why Ethereum May Have Successfully Bottomed at the $2,800 Support Zone

Ethereum (ETH) briefly dropped to near $2,870 on November 19, its lowest point since July, after the release of Federal Reserve minutes raised market uncertainty. Despite the pullback, on-chain indicators and analyst insights suggest that the second-largest cryptocurrency may be forming a potential bottom. Federal Reserve Minutes Ignite Market Volatility The sharp decline in Ethereum was triggered by the Federal Reserve’s October 28–29 meeting minutes. It introduced significant uncertainty about December’s policy outlook source: https://beincrypto.com/ethereum-bottom-formation-on-chain-support-2800/