Summary
Ethereum (ETH) was US$2452.39, down 1.92% over 24h, per CoinMarketCap's own page data. CMC AI's price-analysis TLDR: Ethereum is down 0.77% to $2,498.88 in 24h, underperforming a nearly flat broader market, primarily driven by macro pressure ahead of a key Federal Reserve decision. 1. **Primary reason:** Heightened expectations for a Fed rate hike on September 16 are weighing on the entire crypto market, with Ethereum showing sensitivity to this macro uncertainty. 2. **Secondary reasons:** Technical rejection at key resistance near $2,550 and a broader pullback in altcoins, as indicated by a declining Altcoin Season Index. 3. **Near-term market outlook:** If ETH holds above the $2,478–$2,486 support zone, it could consolidate ahead of the Fed decision; a break below risks a move toward $2,350.