FX.co ★ #Ethereum chart analysis

Hello everyone! ETH/USD is currently the most sought-after cryptocurrency. Investors are actively putting money into Ethereum because of the altcoin's overvaluation, which grew worse than BTC and lost more. On September 18, US spot ETH ETFs received about $143.7 million in net inflows. Moreover, ETH was not affected by the Fed's decision to raise the rate. Such unexpected resilience, may attract additional hedgers' capital.. Today, September 21, the Chicago Fed National Activity Index for August will be released. The previous reading — −0.08, there is no forecast; weaker data could support ETH by lowering yields and the dollar, stronger — lead to a decline. Technically the nearest support for Ethereum — $2 550, the next — $2 400. Resistance — $2 700, then $2 900. Primary buy target— $2 900, alternative — $3 000. A close below $2 400 will cancel the bullish scenario.