Ethereum Holds Steady at $2,445 Amid Fed Rate Hike and ETF Outflows
Ethereum's price held steady at around $2,445 after briefly dipping below $2,400 in response to the Federal Reserve's 25 basis point rate hike. The increase, driven by inflation and strong economic data, put pressure on crypto markets, leading to combined Bitcoin and Ethereum ETF redemptions of $520 million on September 16.
The market uncertainty was compounded by legislative setbacks, including a failed Senate vote on the CLARITY Act, which added to the bearish sentiment. However, technical indicators show neutral to mild bullish momentum, suggesting that Ethereum's price may recover in the near term.
On Pluang, Ethereum traded at Rp44.073.219 as of September 18, up 1.77% in one day, while Bitcoin rose 1.14% to Rp1.372.335.887. The market also shows a steady interest in major cryptocurrencies despite recent ETF outflows.