FX.co ★ #Ethereum chart analysis

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