ETHUSD falls on fears of hawkish key rate policy
Ether fell by 4% to $4,296.50 on August 18, pressured by last week’s higher-than-expected U.S. macro data. The drop reflects reduced investor confidence amid elevated inflation, with July’s PPI at 3.3% year-over-year, lowering expectations for a Fed rate cut. Spot ether ETF flows dipped modestly, but institutional engagement remains strong, with funds rotating to lower-cost products like BlackRock’s IBIT. Analysts see the Fed’s Jackson Hole Symposium and August 21 jobless claims as key upcoming factors.
ETHUSD broke below the support of 4,350.00. The price is heading towards local support of 4,000.00 in order to retest this crucial level with possible rebound from SMA200 on 4-h chart.
Ether fell by 4% to $4,296.50 on August 18, pressured by last week’s higher-than-expected U.S. macro data. The drop reflects reduced investor confidence amid elevated inflation, with July’s PPI at 3.3% year-over-year, lowering expectations for a Fed rate cut. Spot ether ETF flows dipped modestly, but institutional engagement remains strong, with funds rotating to lower-cost products like BlackRock’s IBIT. Analysts see the Fed’s Jackson Hole Symposium and August 21 jobless claims as key upcoming factors.
ETHUSD broke below the support of 4,350.00. The price is heading towards local support of 4,000.00 in order to retest this crucial level with possible rebound from SMA200 on 4-h chart.
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.