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What Happened To The Ethereum Rally?
Ethereum prices remain subdued this week with the futures market still caught below the 3,582.5 level resistance. Following an initial breakout move higher last month as speculation grew regarding expected SEC approval of Ethereum ETF applications, the second largest crypto coin has struggled. ETH futures are now down around 23% from those highs, tracking the pull-back in Bitcoin. A big driver behind the move lower has been the shifting landscape around the Fed. Inflation still above target and robust jobs growth has seen the Fed pairing back its easing projections this year. The US central bank now forecasts just 1 ... (full story)
