Crypto
Ethereum Price Dips After Failing to Reach $2,800
Ethereum's price dropped by 2.84% on September 23 to around $2,670 after failing to push past the $2,800 level.
The rejection came quickly, with the price falling through the short-term moving average at $2,710.
Despite the drop, Ethereum remains above its longer-term moving averages, sitting at $2,586, $2,540, and $2,499 respectively.
US spot Ethereum ETFs saw strong demand going into the pullback, with Farside Investors recording $270 million in net inflows on September 21 and $162.2 million on September 22, bringing the two-day total to $432.2 million.