Crypto
Ethereum Holds Firm Near $2,450 Despite Fed Pressure
Ethereum's price has held steady near $2,450 despite increased pressure from the Federal Reserve. The central bank's hawkish stance has pushed yields and the dollar higher, but Ethereum-specific demand remains strong.
US spot Ethereum ETFs have seen a 10-session inflow streak, with net inflows totaling over $1.42 billion. This is a sign of continued investor interest in the asset, despite its struggles to break above the key $2,500 resistance zone.
The staking queue for Ethereum remains heavily tilted towards new deposits, with 34.8% of the supply already staked. This tightens supply pressure and makes it more difficult for sellers to push the price lower.