Ethereum Slips as Inflation Data Restores Rate-Hike Expectations

Crypto Daily reported that Ethereum declined with the broader crypto market following a hot US consumer-price report, which revived expectations of further US interest-rate increases. The outlet said ETH was trading below its key moving averages, leaving technical levels in focus amid renewed monetary-policy uncertainty. Its headline also placed Ethereum’s year-to-date decline at 30%. The report identified support near $1,850 as the next area of interest for the market. ETH was subsequently quoted at $2,045.50, down 0.28% over 24 hours and 15.56% over seven days. The live price therefore remained above the cited support area, although the downward weekly move showed continued weakness in the short-term market context. The wider crypto market was comparatively stable, with total capitalization at $2.51 trillion and little overall change. Bitcoin was up 0.04% over 24 hours, while Ethereum’s slightly larger decline highlighted its relative weakness during the session. The market’s Fear & Greed reading was 28, placing sentiment in the “Fear” category. The connection between inflation data and interest-rate expectations is central to the story: renewed bets on tighter monetary policy coincided with pressure on ETH. Crypto Daily’s technical framing points to the moving averages and $1,850 support as immediate levels to monitor, without offering a price forecast or trading recommendation.