Ethereum Stuck Below $2,000 Amid Macro Uncertainty
Ethereum has continued to struggle in reaching its $2,000 mark, weighed down by macroeconomic uncertainty and cautious investor positioning. Despite the Federal Reserve's decision to keep interest rates unchanged at 3.50% to 3.75%, policymakers maintained a hawkish tone, signaling that inflation remains a concern.
The ongoing tensions in the Middle East have added another layer of uncertainty to global financial markets, with higher oil prices raising fresh inflation concerns and leading some investors to reduce exposure to risk assets.
Institutional inflows into Ethereum have slowed compared to earlier months, despite steady participation from professional investors. Analysts believe stronger ETF inflows will be needed for Ethereum to break above major resistance levels.