FETH is trading 3.27% down now at $23.38 after Ethereum and broader crypto markets weakened following hotter-than-expected U.S. inflation data.
- September CPI, released October 14, rose 3.7% year over year versus a 3.6% forecast.
- The reading renewed concerns about Federal Reserve rates; Reuters also reported broad risk-off pressure in markets overnight.
- This points to a macro-driven move, not a FETH-specific announcement.