FX.co ★ #Ethereum chart analysis

Ethereum continues to trade sideways, while attracting institutional funds.. За неделю по 4 сентября приток в Ethereum-ETF составил около $215 million, хотя он заметно замедлился по сравнению с концом августа. Crypto investors have taken a pause and are not forming a trend due to uncertainty over Fed policy. The market estimates the probability of a rate hike on September 15–16 at roughly 60%, and a strong August jobs report increased the likelihood of tightening. At the same time, oil rising almost to $100 is heightening inflation concerns. There are no significant macroeconomic releases today; speculators are trying to figure out the PPI data on September 10 and the CPI on September 11. If US inflation comes in below expectations, Fed rate hike expectations will ease, which could restore demand for ETH and other risk assets. I still expect Ethereum to recover to $2 550–2 600. A close above $2 600 would open the way to $2 650–2 700. The nearest support is around $2 450, and a break of $2 400 would increase the risk of a decline to $2 300.