Ethereum gains 1% above $2,350 after Fed hold as Coinbase Premium stays negative
- —The FOMC voted 10-2 to keep rates at 3.75-4.00% after September's 25bp hike
- —Coinbase Premium Index fell to -0.181 on Monday, its lowest since February, and stood at -0.142 Tuesday
- —US spot ETH ETFs saw $60.2 million in net outflows on Tuesday, a second straight day
- —ETH liquidations totaled $43.1 million in 24 hours, including $36 million in shorts
Why it matters: ETH is holding its 200-day EMA, but a negative Coinbase premium and ETF outflows point to weak US demand.
Source: FXStreet Crypto