FX.co ★ #Ethereum chart analysis

Hello everyone! ETH is finishing the week up over the weekend, coming close to recent highs. Investor positions are positively affected by the observed return of institutional demand: Ethereum ETFs are once again receiving significant inflows, and large corporate buyers continue to accumulate ETH. At the same time, Tom Lee's treasury company, BitMine, has approached accumulating 5% of the total Ethereum supply and is actively staking the acquired coins. The main short-term catalyst for the largest altcoin's growth next week — the US PPI on September 10 and CPI on September 11. If inflation doesn't provide a fresh strong boost to expectations of a Fed rate hike, the market may begin to trim excessively tight rate expectations ahead of the September 15–16 meeting. For Ethereum, this could spark another upward move. My level forecasts for ETH for the week are as follows: a close above $2,500 will lead to a rise to $2,600 and then into the $2,700–$2,750 zone. If the CPI shows a decline in inflation, ETH will move even higher to $2,850–$2,900 with a possible test of $3,000.