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Ethereum dips below $2,300 as Fed holds rates, with major ETH outflows hinting at selling pressure.

Market News
30 Apr 2026
Blockonomi
View Source
Bearish
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Ethereum fell below $2,300 after the Federal Reserve decided to keep interest rates steady at 3.50–3.75%, signaling no near-term cuts. Over 226,000 ETH moved to exchange wallets in three days, indicating increased selling activity from major holders like Fenbushi Capital and Genesis Trading. Technical analysts note that reclaiming $2,400 could push ETH toward $2,600–$2,700, but critical support levels at $2,211 and $2,107 must hold to avoid further declines. The market shows mixed signals with some large stakers increasing positions, but overall bearish momentum persists amid forced liquidations and institutional selling.

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