Ethereum (ETH) continued to slide today, dropping 3% to around $3,180, as broader crypto markets reacted negatively to the Federal Reserve’s mixed monetary policy signals.
Key Highlights:
ETH down 3%, failing to hold above the $3,200 support zone.
Fed’s unclear guidance on future rate cuts added pressure on risk assets.
Internal disagreements within the Federal Reserve increased uncertainty for investors.
Whale Buying & Selling Explained:
Why is ETH Down?
Even though the Fed delivered a 25 bps rate cut, markets reacted cautiously because:
Several FOMC members opposed additional cuts.
The Fed hinted at only one rate cut until 2026, disappointing traders expecting faster easing.
Liquidity measures (Treasury bill purchases) were framed not as QE, reducing bullish momentum.
Bitcoin prices dropped below $90,000 :
Analysts Say:
Market experts note that ETH’s decline mirrors weakness in the stock market:
“Crypto attempted a small bounce after the decision but turned lower with equities,” analysts said.
“ETH is struggling to break above $3,250, showing strong supply zones.”
Market Outlook:
ETH must reclaim $3,250 for bullish confirmation.
Failure to hold above $3,150 may open doors to a deeper correction.
