ETHUSD falls on fears of hawkish key rate policy
Ether fell by 4% to $4,296.50 on August 18, pressured by last week’s higher-than-expected U.S. macro data. The drop reflects reduced investor confidence amid elevated inflation, with July’s PPI at 3.3% year-over-year, lowering expectations for a Fed rate cut. Spot ether ETF flows dipped modestly, but institutional engagement remains strong, with funds rotating to lower-cost products like BlackRock’s IBIT. Analysts see the Fed’s Jackson Hole Symposium and August 21 jobless claims as key upcoming factors.
ETHUSD broke below the support of 4,350.00. The price is heading towards local support of 4,000.00 in order to retest this crucial level with possible rebound from SMA200 on 4-h chart.
Ether fell by 4% to $4,296.50 on August 18, pressured by last week’s higher-than-expected U.S. macro data. The drop reflects reduced investor confidence amid elevated inflation, with July’s PPI at 3.3% year-over-year, lowering expectations for a Fed rate cut. Spot ether ETF flows dipped modestly, but institutional engagement remains strong, with funds rotating to lower-cost products like BlackRock’s IBIT. Analysts see the Fed’s Jackson Hole Symposium and August 21 jobless claims as key upcoming factors.
ETHUSD broke below the support of 4,350.00. The price is heading towards local support of 4,000.00 in order to retest this crucial level with possible rebound from SMA200 on 4-h chart.
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Penafian
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.