Ethereum Price Tumbles Amid Tighter Fed Expectations, But ETF Demand Remains Strong

The Ethereum price continues to face pressure from tighter Federal Reserve expectations, slipping 2.33% to $2,436 on August 29.

This decline is part of a wider cryptocurrency market loss of 1.71%, which has reduced its value to $2.62 trillion in the last 24 hours.

Bitcoin and XRP prices are also down, trading below $78,000 and around $1.38 respectively.

However, Ethereum ETFs have recorded inflows of $102.18 million on August 28, marking the tenth straight day of net inflows with a total of over $1.52 billion in this period.