Why is Ethereum (ETH) price down today? - ARCrypto Membership Site

Ether’s price decline today precedes a key Federal Reserve interest rate decision and U.S. inflation data, following reduced accumulation by Ethereum’s largest holders.

Ethereum’s native token, Ether (ETH), is down today, dropping by over 4.50% to reach around $3,500 on June 11. Its move downside is part of a broader crypto market correction, with net capitalization dipping by approximately 3.50% on the same day.

The Ether price decline today comes ahead of a key Federal Reserve interest rate decision and the U.S. inflation data. In addition, a subsiding accumulation sentiment among Ethereum’s largest holder groups is increasing the selling pressure in the Ether market.

Let’s discuss these bearish catalysts in detail.

Ether’s price decline today precedes a key Federal Reserve interest rate decision and U.S. inflation data, following reduced accumulation by Ethereum’s largest holders.
Ethereum’s native token, Ether (ETH), is down today, dropping by over 4.50% to reach around $3,500 on June 11. Its move downside is part of a broader crypto market correction, with net capitalization dipping by approximately 3.50% on the same day.The Ether price decline today comes ahead of a key Federal Reserve interest rate decision and the U.S. inflation data. In addition, a subsiding accumulation sentiment among Ethereum’s largest holder groups is increasing the selling pressure in the Ether market. Let’s discuss these bearish catalysts in detail.Read more