Ethereum reclaims $2,400 as PPI hits 6.3% and Treasury yields fall
- —US September PPI rose 1.3% MoM and 6.3% YoY; core PPI up 0.7% MoM and 5% YoY
- —ETH's drop to $2,340 triggered about $286 million in liquidations, 84% longs
- —10-year Treasury yields fell to 5.095%, the lowest since September 22
- —US spot ETH ETFs saw about $130 million in net outflows, with 11 of 12 sessions negative
Why it matters: ETH's rebound hinges on further yield declines and Fed rate expectations; holding $2,355 is key, with a break exposing $2,204.
Source: FXStreet Crypto