ETHE is trading at $14.63 (-3.30%) in pre-market following a broader pullback in crypto and growth assets after a recent multi-day rally.
- Ethereum fell approximately 2.3% overnight as equity futures and tech-linked benchmarks face pressure from a hawkish Federal Reserve tone and strong U.S. housing data that cooled rate-cut hopes.
- Risk-off sentiment tied to geopolitical tensions and concerns over sustained higher interest rates is weighing on high-beta assets, including Ethereum-focused ETFs.