The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels.
However, In the United States, the Federal Reserve’s FOMC (Federal Open Market Committee) meeting last week turned out to be something like a nothing burger as the outcome of the meeting was expected by the broader market.
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Source: https://cryptoslate.com/4-reason-ethereum-is-surging-as-price-climbs-over-3000/