Ethereum Price Drops 2.23% Amid Institutional Risk Reevaluation

Ethereum's price took an unexpected hit on September 15, dropping by 2.23% to $2510.93.

The decline was largely driven by institutional investors reevaluating their risk exposure ahead of the Federal Reserve's monetary policy decision.

Market participants scaled back allocations across high-beta digital assets as heightened interest rate expectations and persistent inflation concerns drove U.S. Treasury yields higher and strengthened the U.S. dollar.

The reduction in open interest and unwinding of leveraged exposure created secondary selling pressure, accelerating intraday downward momentum.