{"id":13108,"date":"2026-09-11T12:08:26","date_gmt":"2026-09-11T12:08:26","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13108"},"modified":"2026-09-11T12:08:26","modified_gmt":"2026-09-11T12:08:26","slug":"ethereum-tests-the-2431-support-as-hot-us-inflation-pressures-crypto-market","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13108","title":{"rendered":"Ethereum tests the $2,431 support as hot US inflation pressures crypto market"},"content":{"rendered":"
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Key takeaways<\/span><\/p>\n
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Ethereum fell 0.7% as annual US producer inflation accelerated to 5.4%.<\/span><\/li>\n
Polymarket traders assigned a 62% probability to a rate hike at the next Fed meeting.<\/span><\/li>\n
ETH is testing support at $2,431 and $2,405, with resistance near $2,545.<\/span><\/li>\n<\/ul>\n
Ethereum (ETH) traded 0.7% lower on Friday as it attempted to recover from selling pressure triggered by stronger US producer inflation data.<\/span><\/p>\n
The hotter annual inflation reading increased expectations of tighter Federal Reserve policy, creating a challenging environment for risk assets. Although Ethereum remains above its major moving averages, retail selling, hesitant derivatives traders, and slowing institutional demand could limit its near-term recovery.<\/span><\/p>\n
US producer inflation rises to 5.4%<\/h2>\n
The US Producer Price Index for final demand increased 0.4% in August, matching market expectations after a revised 0.1% gain in July.<\/span><\/p>\n
On an annual basis, producer inflation accelerated to 5.4% from 4.8%. Energy prices contributed significantly to the increase, rising 4.2% amid higher oil prices. Core producer prices, which exclude food and energy, also advanced 0.4% during the month.<\/span><\/p>\n
The data preceded Friday\u2019s Consumer Price Index report, another potential catalyst for expectations surrounding the Federal Reserve\u2019s September 15\u201316 meeting.<\/span><\/p>\n
Prediction-market data from Polymarket showed traders assigning a 62% probability to an interest-rate increase at the Fed\u2019s next meeting. The estimated likelihood of a hike by October stood at 71%.<\/span><\/p>\n
Markets also increasingly expect Fed Chair Kevin Warsh to begin his tenure with a rate increase, marking a sharp shift from earlier policy expectations.<\/span><\/p>\n
Higher rates could pressure Ethereum by tightening financial conditions and increasing the appeal of interest-bearing assets. They could also discourage the leveraged trading and speculative activity that often support cryptocurrency rallies.<\/span><\/p>\n
Despite the difficult macroeconomic backdrop, US spot Ethereum exchange-traded funds registered $34.75 million in net inflows on Wednesday.<\/span><\/p>\n
The positive result offset the $24 million withdrawn on Tuesday and indicated that some institutional investors continued accumulating ETH during its two-week consolidation.<\/span><\/p>\n
However, weekly ETF demand has slowed. The products attracted $218.4 million last week, down sharply from the yearly high of $824 million recorded during the preceding week.<\/span><\/p>\n
This slowdown suggests institutional interest remains positive but has lost momentum.<\/span><\/p>\n
Retail investors sold a combined 307,000 ETH last week, significantly exceeding the 82,000 ETH accumulated by whales.<\/span><\/p>\n
The imbalance shows that smaller holders have taken a more cautious approach following Ethereum\u2019s recovery in late August. Persistent retail distribution could increase the available supply and limit attempts to push the price higher.<\/span><\/p>\n
Ethereum\u2019s price has also risen faster than futures open interest. The divergence suggests leveraged long traders remain reluctant to commit substantial fresh capital to the recovery.<\/span><\/p>\n
Ethereum tests 20-day EMA and $2,431 support<\/h2>\n
Ethereum is testing horizontal support near $2,431 and its 20-day exponential moving average around $2,405.<\/span><\/p>\n
Despite the pullback, ETH remains comfortably above its 50-, 100-, and 200-day EMAs, which are clustered between approximately $2,223 and $2,256. This positioning keeps the broader uptrend intact.<\/span><\/p>\n
The Relative Strength Index stands near 59, maintaining a modest bullish tilt while showing that momentum has cooled. The Stochastic Oscillator is also moving toward its midpoint, indicating moderation rather than a confirmed bearish reversal.<\/span><\/p>\n
<\/p>\n
If Ethereum rebounds, its first major resistance sits near $2,545. A decisive close above this level could expose the next barriers at $2,626 and $2,787.<\/span><\/p>\n
On the downside, losing $2,405 and $2,431 would shift attention to the moving-average support cluster between $2,223 and $2,256. Further support lies at $2,172, followed by the broader trend floors at $1,961 and $1,810.<\/span><\/p>\n
A sequence of daily closes above the overhead resistance levels would restore stronger bullish momentum and reopen the path toward new local highs.<\/span><\/p>\n
Key takeaways Ethereum fell 0.7% as annual US producer inflation accelerated to 5.4%. Polymarket traders assigned a 62% probability to a rate hike at the next Fed meeting. ETH is testing support at $2,431 and $2,405, with resistance near $2,545. Ethereum (ETH) traded 0.7% lower on Friday as it attempted to recover from selling pressure<\/p>\n","protected":false},"author":1,"featured_media":13109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-13108","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\n
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![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ChatGPT-Image-Sep-11-2026-11_03_27-AM.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\n![\"ETH\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/09\/ETHUSD_2026-09-11_10-54-37.png\")
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