FX.co ★ sandra75 | #Ethereum chart analysis

Hello everyone! ETH finishes the week with gains over the weekend, coming close to recent highs. The return of institutional demand is positively influencing investors' positions: Ethereum ETFs are again receiving significant inflows, and large corporate buyers continue accumulating ETH. At the same time, Tom Lee's treasury company BitMine has approached accumulating 5% of the total Ethereum supply and is actively staking the acquired coins. The main short-term catalyst for the largest altcoin's growth next week— the U.S. PPI on September 10 and CPI on September 11. If inflation does not give a new strong boost to expectations of a Fed rate hike, the market may start trimming excessively tight rates ahead of the September 15–16 meeting. For Ethereum, this could become a reason for a new upward impulse. My forecasts for ETH levels for the week are as follows: a close above $2 500 will lead to a rise to $2 600 and then into the $2 700–$2 750 area. If the CPI shows lower inflation, ETH will move even higher to $2 850–$2 900 with a possible test of $3 000.