Ethereum slips below $2,700 as weak US jobs data fails to lift sentiment
- —US added only 29,000 jobs in September versus 90,000 expected; unemployment rose to 4.2%
- —Spot ETH ETFs saw $117.7 million in net outflows over three consecutive days
- —ETH liquidations reached $127.2 million in 24 hours, with $70.4 million in longs
- —ETH was rejected near $2,786 resistance; 20-day EMA support sits at $2,631
Why it matters: Weak jobs data cut rate-hike odds for October, yet ETH failed to hold gains as ETF outflows and selling pressure keep the $2,631 support in focus.
Source: FXStreet Crypto