Ethereum approaches $2,500 as bull flag points to a potential $3,300 rally
Ethereum
Ethereum climbed nearly 2% over the past 24 hours as the cryptocurrency market continues its recovery following the Federal Reserve's latest interest-rate decision. ETH rebounded from a low of $2,370 on Wednesday and moved toward $2,470, suggesting traders viewed the rate increase as largely priced in. Rather than triggering a “sell the news” decline, the decision produced a counterintuitive recovery across the crypto market. Markets are pricing in an almost 90% chance of at least one additional Fed rate increase by the December meeting, according to FedWatch data. Ethereum ETF flows turn negative Despite the price rebound, institutional demand through U.S. spot Ethereum exchange-traded funds has weakened. Investors withdrew a combined $405.
ETH
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