$ETH Price Update & Market Context

  • Current Price: Around $4,308.63, with intraday highs near $4,323 and lows dipping to around $4,072 .

  • Market Snapshot: Reports indicate that Ethereum is holding steady near the $4,100 mark, amid a broader crypto market pullback. Bitcoin has also slipped toward $113,000, signaling potential short-term weakness in the sector The Economic TimesThe Times of India.

  • Driving Factors: Analysts attribute recent softness to investor caution ahead of Federal Reserve Chair Powell’s upcoming Jackson Hole speech. This macroeconomic event has heightened expectations around potential shifts in interest rate policy, which could impact crypto markets significantly CoinDeskOKX.

What This Means for Traders & Investors

  • Short-term view: The dip below $4,100 may represent consolidation or the early stages of market exhaustion some see the potential for a bounce if buyers step in at support levels.

  • Macro watch: Upcoming central bank signals especially from the Jackson Hole event and the September FOMC remain key catalysts to watch OKX.

  • Caution advised: The decline appears to be structurally driven, not just sentiment. Experts point to institutional actions and macro uncertainty rather than solely retail movements Bitget.

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