Crypto
Ethereum Price Down 1.24% Amid Macro Uncertainty and Weakening Blockchain Activity
The Ethereum price has declined, ending July on a cautious note as investors reduced exposure to risk assets amid growing macroeconomic uncertainty.
A hawkish US Federal Reserve stance, slower institutional inflows into spot Ethereum ETFs, weakening blockchain activity, and rising geopolitical tensions in the Middle East combined to pressure market sentiment.
Ethereum traded at $1,886.41 on July 31, down approximately 1.24% over the previous 24 hours.