Ethereum's price has risen by 2.3% to $4,430, fueled by $171.5 million in inflows to Ethereum ETFs and optimism over potential Federal Reserve rate cuts. The recent decline in the producer price index has alleviated inflation concerns, boosting market sentiment. Traders are now eyeing the upcoming CPI reading and the Federal Reserve meeting on September 16–17 for further guidance.
Spot Bitcoin and Ethereum ETFs saw a combined net inflow of $928 million, with Ethereum funds experiencing notable demand. Technical indicators, including tightening Bollinger Bands, suggest a potential significant price movement following the current consolidation phase between $4,209 and $4,498.
Ethereum Climbs 2.3% to $4,430 on ETF Inflows and Rate-Cut Speculation
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