FX.co ★ #Ethereum chart analysis

Noticeable volatility is showing today in the price #Ethereum. It was possible momentarily to reach the 2575 level, but at the start of the American session sellers became active and pushed the price down a bit. We'll see how the situation develops further. I'm concerned by the current rise because of its weakness, so I'm not entering long positions. I am still waiting for a price drop toward the demand zone 2300-2350. Only there will I be ready to consider potential purchases of the instrument, and for now I remain on the fence. Important US consumer inflation data will be released on Wednesday, and they could have a significant impact on the balance of power.