Skip to main content
See every side of every news story
Published loading...Updated

Ethereum Price Prediction: Can ETH Hold $2,400 After the Fed's First Hike in Three Years?

U.S. spot ETH ETFs saw a $224.11 million outflow as more than 35% of circulating ETH stayed staked, tightening supply.

  • On September 16, Ethereum held near $2,405 as the Federal Reserve raised interest rates by a quarter point to 4.00%, its first increase since 2023.
  • While Bitcoin and Solana reacted sharply to the Fed's rate decision, Ethereum barely flinched, demonstrating relative stability amid broader cryptocurrency volatility.
  • Supply conditions have tightened significantly, with 35.6% of circulating ETH now staked and exchange reserves falling to approximately 14.92 million ETH, the lowest for 2026.
  • Spot Ethereum ETFs lost $224.11 million on September 16, the largest single-day outflow of the month, with traders now watching resistance at $2,428 and $2,519.
  • The Glamsterdam network upgrade, designed to recapture fees lost to Layer 2 networks, is now tentatively scheduled for early 2027 after failing devnet tests.
Insights by Ground AI

33 Articles

Lean Right

The Federal Reserve put an end last Wednesday to more than three years without upward movements in its reference rate

·Mexico
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 67% of the sources are Center
67% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Blockonomi broke the news on Thursday, September 17, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal