Ethereum Price Analysis: 4,000 New Investors Stake $502M ETH ahead of USA Fed Rate Decision
Ethereum price opened trading at $2,419 on Sept 15, retreating 3% over the weekend, after an initial 15% gains within the weekly timeframe.While BTC and XRP broke above key the resistance levels at $60,000 and $0.60 respectively, ETH price failed to retake the $2,500 territory at the weekend.Despite Ethereum's underwhelming price performance, strategic investors are capitalizing on the low prices to acquire ETH and join the Ethereum 2.0 staking network.
Ethereum Price Analysis
Ethereum price opened trading at $2,419 on Sept 15, retreating 3% after an initial 15% gains within the weekly timeframe, on-chain indicators from ETH 2.0 staking trends suggest investors are anticipating more upside in the week ahead.
Ethereum Price Retreats from $2,500 Resistance
Buoyed by positive macroeconomic indicators, Ethereum price delivered a double-digit growth performance last week. However, as the crypto markets snapped out of a sluggish start to September, Ethereum price still lagged behind the market average, as bulls struggle to drive prices above the critical $2,500 resistance.
Investors Deposited $400M in ETH 2.0 Staking Contracts after Dovish CPI
Relative to the broader markets trends, Ethereum’s 2.6% price decline over the weekend has been underwhelming. However, strategic investors are capitalizing on the low prices to acquire ETH and join the Ethereum 2.0 staking network.
#Write2Earn! #BinanceSquareFamily #Crypto_Jobs🎯 #BTC☀ #ETHETFsApproved