Home / News / Ethereum remains stuck in a tight range as US CPI looms. What are the key levels to watch?
Ethereum remains stuck in a tight range as US CPI looms. What are the key levels to watch?
<p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">FUNDAMENTAL
OVERVIEW</p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;"> </p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">Similar to Bitcoin,
Ethereum had a volatile end to last week. On Thursday, the price spiked to the
upside after some dovish <a href="https://investinglive.com/central-banks/feds-waller-finally-seeing-some-signs-of-disinflation-in-recent-data/" rel="follow" style="color: rgba(70, 120, 134, 1); text-decoration: underline;">Fed’s Waller comments</a> indicated that he would be willing to keep interest
rate unchanged at the September meeting barring hot CPI data. </p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">Since he deviated
from his usual hawkish stance, it triggered a dovish repricing in interest rate
expectations which lowered the probabilities for a September rate hike and gave
Ethereum a boost.</p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">On Friday, most of
the Waller-driven gains were erased after the <a href="https://investinglive.com/news/us-august-non-farm-payrolls-vs-56k-expected/" rel="follow" st
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
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<p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">FUNDAMENTAL
OVERVIEW</p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;"> </p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">Similar to Bitcoin,
Ethereum had a volatile end to last week. On Thursday, the price spiked to the
upside after some dovish <a href="https://investinglive.com/central-banks/feds-waller-finally-seeing-some-signs-of-disinflation-in-recent-data/" rel="follow" style="color: rgba(70, 120, 134, 1); text-decoration: underline;">Fed’s Waller comments</a> indicated that he would be willing to keep interest
rate unchanged at the September meeting barring hot CPI data. </p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">Since he deviated
from his usual hawkish stance, it triggered a dovish repricing in interest rate
expectations which lowered the probabilities for a September rate hike and gave
Ethereum a boost.</p><p class="MsoNormal" style="margin: 0 0 11px; line-height: 106%; font-family: Aptos, sans-serif; font-size: 15px;">On Friday, most of
the Waller-driven gains were erased after the <a href="https://investinglive.com/news/us-august-non-farm-payrolls-vs-56k-expected/" rel="follow" st