According to @coinsph, BTC is in a recovery phase and is testing resistance to determine how far this bull market can extend, source: Coins.ph on X, Aug 11, 2025. ETH, SOL, XRP, and TRX have also bounced in price, indicating broader market strength, source: Coins.ph on X, Aug 11, 2025. The post urges traders to watch the charts and focus on resistance levels to gauge upside momentum in the current cycle, source: Coins.ph on X, Aug 11, 2025.

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.