Forex
Ethereum Price Struggles Amid Hawkish Fed Outlook and Geopolitical Tensions
The Ethereum price struggled to build momentum on July 30 as investors weighed the Federal Reserve's hawkish outlook, escalating geopolitical tensions in the Middle East, and slowing on-chain activity.
The cryptocurrency traded at approximately $1,917.03, staying above its key support zone but still below the important $2,000 level.
Despite improving sentiment across parts of the crypto market, analysts believe stronger institutional inflows and improved market confidence are needed for Ethereum to challenge the $2,000 mark once again.