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ETH Price Dropped to $2,436 as Fed Hawkishness Hits Crypto Market

Guavy AI Editorial Team
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ETH
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Ethereum's price has dropped to $2,436 following Federal Reserve Chair Kevin Warsh's hawkish Jackson Hole speech.

The speech increased expectations of another interest-rate hike in September, pushing Ethereum's price lower and reducing appetite for risk assets.

However, institutional demand remains strong, with U.S. spot Ethereum ETFs recording $102 million in net inflows on August 28, extending their positive streak to 10 consecutive trading days.

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