Ethereum falls below $2,500 as hot CPI lifts Fed hike odds
- —ETH fell 3.1% to $2,430, losing the $2,500 level
- —US annual inflation accelerated to 3.7% in September, above the 3.6% forecast
- —October Fed hike odds rose from 22% to 35%
- —ETH liquidations hit $65.42 million in 24 hours, 83% longs
Why it matters: Rising Treasury yields and a stronger dollar weigh on risk assets; ETH risks a test of $2,353 if selling pressure persists.
Source: FXStreet Crypto