Bearish
Ethereum (ETHUSD) drops 3.7% to $3,201 after Fed's 'hawkish cut'
In the past 24 hours, Ethereum's price declined by 3.7% to approximately $3,201 following the Federal Reserve's 25 basis point rate cut, which was perceived as 'hawkish' due to cautious forward guidance. This led to profit-taking among traders who had previously anticipated a more dovish stance. Despite this pullback, institutional interest remains strong, with significant whale accumulation and ETF inflows continuing to support the market.
Key points
- Ethereum's price fell 3.7% to $3,201 after the Fed's rate cut.
- Whale wallets holding at least 10,000 ETH accumulated over 800,000 ETH in the past 30 days.
- Ethereum ETFs saw approximately $177.7 million in inflows on December 9, surpassing Bitcoin ETF inflows that day.
- ETH's share of the crypto market held steady at 12.58%, unchanged from the prior day.
Sources
AI-generated from public news sources. Not financial advice.
