Ethereum is trading near $1,770, down about 1% on the day, and it's going almost nowhere on purpose. The whole market is holding its breath for June 17, the first FOMC decision led by new Fed Chair Kevin Warsh, a man with a reputation for blunt talk and little patience for dovish hand-holding.
The rate decision itself is a non-event. A hold at 3.50% to 3.75% is 99% priced in, which leaves the dot plot and Warsh's afternoon press conference as the real fireworks.
