ETHE is trading at $18.70, down -3.95%, as hotter-than-expected September CPI renewed concerns about higher-for-longer interest rates.
- September CPI rose 3.7% year over year, above the 3.6% forecast.
- Ethereum fell alongside the broader crypto market, with leveraged selling amplifying the move; reports cited heavy ETH long liquidations after the inflation release.
- The catalyst appears macro- and sector-driven rather than ETHE-specific.