Ethereum Stays Put as Fed Raises Interest Rates by 25 Basis Points

Ethereum's price has remained steady around $2,440 after the Federal Reserve raised interest rates by 25 basis points on September 16.

The move pushed the federal funds rate to a range of 3.75% to 4.00%, but Ethereum's price has held within its consolidation range since late August, between $2,350 and $2,600.

Despite this, Bitcoin has reacted more sharply, testing support near $75,000, well below its recent recovery zone.

Ethereum's chart looks steadier, with a daily RSI of 54, indicating a neutral reading rather than an oversold or overbought one.