FX.co ★ #Ethereum chart analysis

Hello everyone! ETH finishes the week higher over the weekend, coming close to recent highs. Investor positions are positively influenced 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 entire Ethereum supply and is actively placing acquired coins into staking. The main short-term catalyst for the largest altcoin's upside next week— the U.S. PPI on September 10 and the CPI on September 11. If inflation does not provide a new strong impetus to expectations of a Fed rate hike, the market may begin to trim excessively hawkish rate expectations ahead of the September 15–16 meeting. For Ethereum, this could be the trigger for a new upward impulse. My level forecasts for ETH for the week look like this: a hold above $2 500 will lead to a rise to $2 600 and then into the $2 700–$2 750 zone. If the CPI shows lower inflation, ETH will move even higher to $2 850–$2 900 with a possible test of $3 000.