Ethereum Price Prediction: $350M ETH Exits Exchanges as Investors Price In Near-Certain Fed Rate Hike

Ethereum (ETH) price is down by 2.6% today, September 15, to trade at $2,446 at the time of writing. This drop comes ahead of the Federal Reserve decision on interest rates.

CoinGape Prediction markets show that there is an 80% chance that the Fed will hike interest rates by 25 basis points. ETH traders may have already priced in this hike because rising outflows from exchanges suggest an unwillingness to sell in the near term.

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Ethereum Exchange Outflows Surge Ahead of FOMC

Analyst Ali Martinez on X notes that 140,000 ETH, valued at $350 million, has left exchanges within 96 hours.

These withdrawals suggest that investors are choosing to hold Ethereum rather than selling despite Goldman Sachs and JPMorgan predicting that the Fed will hike interest rates at the September 16 FOMC meeting.

“With less $ETH available on exchanges, potential sell-side pressure is declining, strengthening the case for a bullish breakout,” Martinez said.

Data from Santiment also shows that Ethereum price faces a looming supply crunch after the amount of ETH that is available on exchanges dropped from 22.9 million in June 2020 to 6.06 million.

Santiment attributed this decline to the movement of Ethereum into staking, ETFs, long term holdings, and treasury companies like Bitmine that now holds 4.9% of Ethereum’s total supply after aggressive purchases.

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ETH ETF Demand Soars Deribit OI Hits $11.77B

The surging outflows from exchanges are coinciding with institutional and speculative demand for Ethereum.

Data from SoSoValue shows that Ethereum ETFs have recorded $121.02 million in inflows this week alone. These ETFs have now seen five straight weeks of inflows since the week ending August 21.

Ethereum’s open interest has also risen to $11.77 billion on Deribit ahead of the Fed’s rate decision and CLARITY Act vote.

CoinGlass shows that Ethereum’s OI on Deribit has added $700 million since September 12, with this gain suggesting increased demand for Ethereum futures positions.

On Binance, the Ethereum long/short reading had also risen to 3.10, with this being the highest reading since June 2026. This suggests that more traders on Binance are bullish on Ethereum price even as the Fed’s decision on interest rates looms.

Ethereum Price Records a Bearish Breakdown as Momentum Weakens

Ethereum price has been moving within an ascending channel on the one-day chart. However, it has now moved below the support at the lower trendline following an increase in selling pressure after Senate Republicans opposed Democrat changes to the CLARITY Act bill.

If the downtrend continues and Ethereum price also closes below $2,380, ETH could retest the support at $2,200.

The RSI line that is tipping south supports a bearish long-term Ethereum price forecast. The RSI line is also on the verge of a move below 50, which would confirm that ETH price is facing a strong bearish trend.

The AO bars that are red and shrinking in length also suggest that bears are tightening their grip, and this might push Ethereum price to the support at $2,200.