Ethereum Tops $2,700 After Cooler US Inflation Data
- —August PCE inflation at 3.4% vs 3.7% forecast; core also below expectations
- —Fed rate hike odds for the October 28 meeting dropped from 67% to 34%
- —Ethereum ETFs posted $2.81 million in outflows on September 29, the first since September 18
- —ETH holds above its 200-day EMA at $2,462, with resistance at $2,816
Why it matters: Softer inflation eases pressure on risk assets; a close above $2,816 could open the path to $3,000.
Source: CoinCentral