Ethereum’s performance within the demand zone Ethereum saw modest gains on Wednesday, maintaining its position within a key demand zone between ,400 and ,800. This range has acted as a strong support level in recent weeks, preventing significant downward movement despite fluctuations in broader market sentiment.

RBNZ surprises with unexpected rate cut The New Zealand dollar (NZD) immediately tumbled following the announcement, dropping nearly 1% against the US dollar (USD) and hitting multi-week lows against the Australian dollar (AUD). Traders reacted swiftly, pricing in the possibility of additional rate cuts in the coming months.

RBA’s latest rate decision and market reaction The Reserve Bank of Australia (RBA) has announced a widely expected 25-basis-point cut to the official cash rate, bringing it down to its lowest level in months. This decision aligns with market forecasts, as economists and analysts had largely anticipated the move given recent economic indicators.