According to Crypto Rover, Ethereum (ETH) has closed in the red after the last three Federal Reserve FOMC meetings, indicating a consistent short-term negative price reaction following these macroeconomic events (source: Crypto Rover on Twitter, May 6, 2025). As the next FOMC meeting approaches, traders are closely watching ETH for a potential bounce, given the historical pattern of post-FOMC declines. This setup is relevant for crypto traders looking to capitalize on volatility linked to U.S. monetary policy decisions, with special attention to ETH price action around major economic announcements.

According to Michaël van de Poppe (@CryptoMichNL), Bitcoin is displaying a strong rebound on its price chart, suggesting ongoing upward momentum. He highlights that the Federal Open Market Committee (FOMC) meeting and potential gold corrections are critical for traders, as a gold decline could signal the start of a new business cycle. This macroeconomic shift is likely to impact Bitcoin trading volumes and sentiment, with traders closely watching for volatility and breakout opportunities following the FOMC announcement (source: Twitter/@CryptoMichNL, May 6, 2025).