- Spotlight Data: Bitcoin, Ethereum, and XRP Reactions to Cautious Federal Reserve Rate Hike Cut:
The Federal Reserve proceeded with the widely anticipated rate cut, bringing the benchmark lending rate to a range of 3.50%-3.75% on Wednesday, but Bitcoin responded with a decline to its intraday low of $89,389 on Thursday.
Although the rate cut was in line with expectations, it was characterized by a cautious tone. Federal Reserve Chair Jerome Powell emphasized risks of rising inflation and a slowing labor market as factors supporting a reduction in the number of rate cuts next year.
The hawkish stance dampened hopes for broad monetary easing, prompting investors to take early profits and slow down the pace of gains. The Fed Watch tool indicates that interest rate traders expect the central bank to hold rates steady in January, with only a 20% chance of further easing to a range of 3.25% to 3.50%.
FedWatch Tool: Source: CME Group
- Ethereum Flows Rise Despite Gloomy Outlook:
Spot Bitcoin ETF funds recorded net inflows of approximately $225 million on Wednesday, ignoring macroeconomic uncertainty. This marks the second consecutive day of inflows, led by BlackRock's IBIT fund, which saw flows of around $193 million.
The total accumulated inflows currently stand at $57.93 billion, with net assets of $122.43 billion, according to SoSoValue data.
Bitcoin ETF Statistics | Source: SoSoValue
Spot Ethereum ETF funds listed in the United States recorded cash inflows of about $58 million on Wednesday. The largest altcoin by market cap has raised $13.15 billion from the total ETF volume, with net assets of $21.43 billion. These ongoing cash flows are expected to boost positive sentiment and increase demand for Ethereum ahead of the new year.
Ethereum ETF Statistics | Source: SoSoValue
Meanwhile, spot XRP ETFs saw cash inflows of $10 million on Wednesday, a slight improvement from $9 million the day before. Since their launch on November 13, XRP ETFs have not experienced any outflows, with total inflows of $954 million and net assets of $940 million.
XRP ETF Trading Fund Statistics | Source: SoSoValue

Critical Crossroads for Ethereum – Weekly Wedge Analysis and Next Price Target at $3,460:
Technical analysis reveals that Ethereum (ETHUSD) remains largely confined within a large converging wedge pattern on the weekly chart. While the price briefly broke above and below this long-term structure in 2025, it has since settled back inside, confirming that this converging pattern is defining the overall trend.
Weekly Chart
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More directly, on the daily chart, the price of ETHUSD has broken above the descending trendline that has served as a major resistance since October. The price first approached this resistance on December 4, and has since consolidated sideways, touching the trendline. This tight consolidation—rather than an immediate pullback—indicates strong buying pressure, suggesting the potential for a decisive bullish breakout.
Typically, a collective third touch of a trendline is followed by a sharp rejection. If the bulls succeed in breaking this long-standing resistance to the upside, the main next target will be the descending trendline resistance near $3,460.00. A successful close above this descending trendline would signal a clear breakout from the October downtrend and confirm a bullish turning point.
Daily Chart
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