The demand for Ethereum has decreased, causing its price to drop to its lowest level since July 7th. The upcoming Federal Reserve interest rate decision and options expiry on Friday will be important factors affecting Ethereum's price this week. The Fed is expected to raise interest rates by 0.25% and then pause, as further hikes could lead to a hard landing for the American economy. Ethereum tends to show volatility ahead of options expiry, and data shows there are over 2.2 million ETH calls and 755,222 puts in the options market.
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Ethereum Price Prediction: Fed and Options Expiry in Focus
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