What caused the Ethereum price to plummet to the $3,500 range following the approval of the ETF? It was primarily driven by selling pressure resulting from the prevailing negative sentiment in the overall market. This sentiment was sparked by the Federal Reserve’s recent interest rate announcement, 3-year interest rate projections, and Wednesday’s inflation data. It set off a chain reaction – the uptick in bond yields post-recent economic data led to an exodus from risky assets. Stay updated with the latest technology news by accessing NEWSLINKER.
