CoinScoopEthereum tests $2,431 support amid US inflation data
Ethereum declined by 0.7% as annual US producer inflation accelerated to 5.4%. Market sentiment has shifted, with Polymarket traders assigning a 62% probability to a rate hike at the upcoming Federal Reserve meeting. Ethereum is currently testing support levels at $2,431 and $2,405, while facing resistance near $2,545.
Summaries are written by AI from the original article. Not investment advice.