ETH Selloff Post Inflation Data
Ethereum also traded lower after the inflation data release.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
A mix of mainstream and niche sources — coverage is broadening.
"The ethereum price is deep inside one of those moments right now... as the geopolitical shock merged with existing macro pressure from sticky inflation and a Federal Reserve that refuses to cut rates."
"For example, at press time, ETH is changing hands at $2,116 following a 28.67% year-to-date (YTD) drop."
"Sehgal also said that Ethereum remains weaker relative to Bitcoin and continues to trade below major moving averages."
"Wintermute is now flatly calling ETH 'not the right asset for this macro' as yields and inflation grind higher."
"the PCE inflation data, which is due today, is another factor that could impact the crypto market."
"the sharp decline in Ethereum’s price might have been triggered by regional tensions."
"ETH’s rally, however, was short-lived, as the asset quickly surrendered its gains, cooling the demand."
"the retail crowd, however, is still not interested in Ethereum, while it already has appreciated >130% since."
"ETH has fallen by 1.67% within the last 24 hours."
"Unlike Bitcoin, ETH does not have a maximum supply."