EL7.AI
CryptoMedium•9 November 2026•
1 min read

Ethereum Slumps Amid Fed Rate Hike Fears and Geopolitical Tensions

Key Facts

1Ethereum experienced a sharp sell-off as traders shifted toward risk aversion across financial markets.
2Markets are currently pricing in a 79% probability of a Fed rate hike at the December FOMC meeting.
3President Trump stated that military action against Iran is unlikely if negotiations progress on the nuclear program and the Strait of Hormuz.

Ethereum experienced a sharp sell-off as traders shifted toward risk aversion across financial markets, according to investinglive.com. Markets are currently pricing in a 79% probability of a Federal Reserve rate hike at the December FOMC meeting, placing significant downward pressure on the cryptocurrency.

President Trump stated that military action against Iran is unlikely if negotiations progress on its nuclear program and the Strait of Hormuz, though Marco Rubio noted limited progress in talks. This sentiment follows recent economic data, including the US unemployment rate which held at 4.1% on November 6, 2026.

Investors are now focused on the upcoming US Consumer Price Index (CPI) release on November 10, 2026, with the annual inflation rate forecasted at 3.9%. Additionally, Fed Governor Waller is scheduled to speak on the same day, potentially offering further clarity on the interest rate outlook.

Open on chart