Ethereum (ETH) traded below $2,400, losing 5.3% over the day, after U.S. inflation data exceeded expectations. On Thursday, the second-largest cryptocurrency was priced around $2,370.
The Consumer Price Index for September rose by 0.6% compared to the previous month, as expected, whereas in August the increase was 0.4%. Annual inflation reached 3.7% against a forecast of 3.6% and a previous figure of 3.4%. Core inflation, which excludes food and energy prices, was 0.3% on a monthly basis and 2.6% annually, compared to forecasts of 0.2% and 2.5%.
Following the data release, U.S. Treasury bond yields rose and the dollar strengthened. The yield on 10-year bonds rose to 5.32% and then fell to 5.22%. The U.S. Dollar Index exceeded 102.80 for the first time since April 2025. According to CME FedWatch, the probability of a Fed rate hike at the October meeting increased from 22% to 35%.
According to CoinGlass, ETH liquidations amounted to $293.98 million over the day, with 90% attributed to long positions. On Tuesday, approximately $120 million in long positions were liquidated. According to CryptoQuant, the net inflow of ETH to exchanges has remained positive since Sunday.
On the daily chart, the price is below the 50-day exponential moving average (EMA) at $2,498 and the 20-day EMA at $2,563. Resistance levels include $2,548, $2,636, and $2,781. The 14-day Relative Strength Index (RSI) is around 38, and the stochastic oscillator is around 7, indicating oversold conditions.
The key support zone is at 2353–2,355: the $2,355 level almost coincides with the 100-day EMA at $2,353. Below are levels at $2,204 and $1,971.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.
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