ETHE is trading 3% down today as growth and high-beta assets face a broad risk-off move sparked by a sell-off in tech and AI-linked names and a hawkish shift in Fed commentary.
- Traders are engaging in profit-taking following a multi-day rally previously supported by softer inflation data and strong Ethereum performance.
- Geopolitical tensions and rising oil prices are reviving inflation concerns, further weighing on crypto risk sentiment.