ETH Price Surges Past $2,600 as CPI Data Triggers Squeeze
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6 Articles
Whale Buying Fuels Ethereum's 10% Surge Amid CPI Data
TLDR: Ethereum surged 10% within two hours as whale-driven buying accelerated the entire price move. Whale transactions above $1 million jumped nearly 14%, signaling strong large-holder demand. Glassnode data shows more than 10 million ETH previously traded between $2,700 and $2,800. Analysts say clearing the $2,700–$2,800 resistance zone could open the path toward $3,000. Ethereum [...]
Ethereum broke the USD $2,600 barrier for the first time in eight months, driven by a volume that almost doubles its monthly average and a sustained drop in its supply in exchanges. However, extension indicators and a still bassist MACD warn that euphoria should be managed. This report breaks down levels, scenarios and actionable strategies for the investor.
Bitcoin.com
BITRSSETH Price Surges Past $2,600 as CPI Data Triggers Squeeze
Ethereum surged over 6.5% in less than an hour Friday to hit a multi-month high of $2,663 following a favorable U.S. consumer price index report. CPI Catalyst On Friday, Sept. 11, ether (ETH) breached $2,600 for the first time since early February, reviving hopes that the number two cryptocurrency could end the year in the […]
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