Ethereum price fell during trading on Tuesday amid pressure on risk appetite ahead of the release of US inflation data.

Tomorrow, Wednesday, the consumer price inflation index data for November is expected to be released.

Analysts surveyed by Dow Jones expect U.S. consumer price inflation to rise 0.3% month-on-month and 2.7% year-on-year.

According to the FedWatch tool, markets are expecting an 86.1% chance of the Fed cutting rates by 25 basis points at its December meeting, up from 72.9% a week ago.

Ethereum

In terms of trading, the price of Ethereum fell by 1.8% to $3,645.5 by 21:46 GMT on the CoinMarketCap platform. $ETH