The Ethereum price plummeted to $3,500 levels despite the approval of the ETF. The drop was caused by selling pressure resulting from negative market sentiment. This sentiment was influenced by the Federal Reserve’s interest rate decision, 3-year interest rate projections, and upcoming inflation data to be released on Wednesday. The rise in bond yields following recent economic data led to a flight from riskier assets. Stay updated on the latest technology news by accessing NEWSLINKER.
