ETH has outperformed S&P 500 in March, but Fed decision looms

While Ethereum (ETH) has surged in March to outperform the S&P 500 index, the U.S. Federal Reserve's upcoming interest rate decision could be a significant variable, DL News reported. Citing analysis from Adam Saville Brown of crypto asset manager Tesseract Group, the outlet noted that capital flowing into ETH suggests an expanding risk appetite among investors, which is a positive sign. However, Brown cautioned that an unexpected announcement from Fed Chair Jerome Powell could halt ETH's rally. He added that for the broader altcoin rally to gain momentum, the Fed's decision would need to involve more than simply holding rates steady. The Fed is scheduled to announce its interest rate decision at 6:00 p.m. UTC on March 18.