Ethereum Price Soars After Payrolls Fall, Fed Hike Odds Drop to 44%

Ethereum's price rose to $1,929.36 after July payrolls fell 23,000, reducing September Fed hike odds to 44%.

The Federal Reserve's repricing on Friday was a clean liquidity signal for crypto, but Ethereum underperformed its macro catalyst, capturing less of the impulse than any comparable asset.

Lower yields reduced the relative attraction of interest-bearing alternatives, which is mechanically supportive for non-yielding digital assets like Ethereum. However, spot Ether ETF assets sit near $10.2 billion to $13.71 billion, roughly one-fifth the depth of Bitcoin's regulated demand channel.

The August 12 US CPI print will be a key resolution point, with a soft number potentially pushing September hike odds below 30% and giving Ethereum the liquidity backdrop it needs to attack $2,000.