Ethereum Prices Dip Amid Quarter-End Rebalancing and Macro Pressures

Ethereum's price took a slight hit on September 30th, dipping by 1.01% to $2,659.51 as of 02:40 ET.

The decline was largely attributed to quarter-end portfolio rebalancing, which led to a temporary sell-side pressure in the spot market.

Institutional traders adjusted their risk exposure ahead of the third quarter's close, resulting in a moderation of buying interest across top-tier digital assets.

Macroeconomic conditions also played a significant role, with firm U.S. Treasury yields and a resilient U.S. dollar making it more expensive to hold non-yielding digital assets like Ethereum.