FX.co ★ sandra75 | #Ethereum chart analysis

Hello everyone! ETH/USD is currently the most in-demand cryptocurrency. Investors are actively investing in Ethereum due to the undervaluation of the altcoin, which grew less than BTC and lost more. On September 18 U.S. spot ETH ETFs received about $143.7 million in net inflows. Moreover, ETH was not affected by the Fed's decision to raise the rate. Such unexpected resilience, could attract additional capital from hedgers.. Today, September 21, the Chicago Fed National Activity Index for August will be released. The previous reading — −0.08, no forecast; weaker data could support ETH via lower yields and a weaker dollar, stronger — lead to a decline. Technically the nearest support for Ethereum — $2 550, the next — $2 400. Resistance — $2 700, then $2 900. Main target buy— $2 900, alternative — $3 000. A close below $2 400 would invalidate the bullish scenario.