#MarketPullback

Ethereum fell 4.2 in 24 hours to $4,346 after breaking key technical supports and faces liquidation risks of $1.19 billion.

The pressure is a result of higher-than-expected inflation in the U.S., lower expectations for a Fed rate cut, and geopolitical tensions that boosted gold and affected Bitcoin.

Ethereum ETFs recorded outflows of $152 million.

Ethereum retreated 4.2% in the last 24 hours and is trading at $4,346, hit by a combination of macroeconomic factors, technical pressure, and whale movements. The correction comes after a 21% rally in the last month, leading many traders to close positions and take profits.

Ethereum and the Crypto Market Fall Amid Political Tensions

The international context weighed somewhat on the decline. Inflation data in the United States exceeded forecasts and reduced the odds of the Federal Reserve announcing an aggressive rate cut in September.

Ethereum (ETH) Falls 4.2%: Here Are the Reasons image 0

Analysts now anticipate a limited reduction of 25 basis points. At the same time, international uncertainty increased after the failure of talks between Washington and Moscow regarding Ukraine, while Donald Trump's meeting with Volodymyr Zelensky caused even more tensions. In that scenario, investors sought refuge in traditional assets: gold rose 1.2% while Bitcoin fell 2.5%, dragging Ethereum down as well$ETH