Crypto Week At a Glance: Ethereum continues to struggle as rate hike haunts

After the Fed's 75bps print, volatility increased and caused liquidation on both sides of the book before selling off to a weekly low of $1220.

Ahead of Wednesday's FOMC, ETH/BTC showed strength, jumping over 4% by Tuesday afternoon.

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Concerns about network instability may have motivated participants to sideline holdings before the event was successful.

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After the successful merge was confirmed, along with the cancellation of any technical issues, activity skyrocketed in the following days.

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Interestingly, increased volumes persisted throughout the week, particularly in the DeFi and NFT sectors.

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Interestingly, increased volumes persisted throughout the week, particularly in the DeFi and NFT sectors.

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