Ethereum slips below $2,300 as US PCE inflation reinforces December rate-hike bets
- —September PCE rose 0.5% MoM and 3.6% YoY; core PCE up 0.3% and 3.1%
- —ETH liquidations hit $224.5 million in 24 hours, including $187.6 million in longs
- —US spot ETH ETFs saw a third straight day of outflows at $21.4 million
- —14-day RSI at 34 and stochastic at 8 signal oversold conditions
Why it matters: A hawkish Fed hold and weak US demand keep ETH under pressure; losing $2,310 opens the door to $2,107.
Source: FXStreet Crypto