Ethereum Stalls at $2,500 Barrier Amid Fed Pressure

Ethereum's price has held near $2,450 over the past 24 hours, despite pressure from macro conditions and a recent speech by Federal Reserve Chair Kevin Warsh.

The price of Ethereum fell around 0.8% in the past day to approximately $2,450 on August 31, but remains above $2,400 after failing to stay above $2,500 for the fourth time this month.

CoinGecko data shows that Ethereum briefly pushed above $2,520 before falling towards $2,410 and recovering into the $2,430s.

The latest drop leaves Ethereum down around 0.6% over seven days, but still up 27.2% over 14 days and 29.4% over the past month.