Ethereum Price Dips Below $2,500 Amid Inflation-Driven Rate Hike Bets

Ethereum's price dipped below $2,500 after a 1.22% decline to $2,487.51. This drop comes amidst inflation-driven rate hike bets and resistance at $2,550. The Federal Reserve's decision on interest rates has sparked concerns, with expectations of a September rate hike increasing Treasury yields and pressuring risk assets.

Despite this short-term weakness, spot Ether ETFs saw significant inflows totaling $216.4 million, indicating ongoing institutional demand. Market participants are now closely watching whether Ethereum can close above the $2,550 weekly resistance level to avoid further downside toward $2,400 and potential forced selling due to leveraged positions.