After a brief increase following the FOMC meeting, Ethereum (ETH) is currently trading below $2,000. The RSI has declined to 46.63, indicating reduced bullish momentum. The DMI data shows growing bearish pressure as key support levels are tested.

If Ethereum can break the current downtrend, recovery targets are set at $2,106, potentially rising to $2,546, which would indicate a significant upside of 30%. However, failing to hold important support levels could push ETH lower towards $1,700.