ETH Price Plummets Below $2,142
This is a US news story, published by CoinGape, that relates primarily to Non-Farm Payroll news.
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Ethereum priceCoinGape
•Business
Business & Economics
Ethereum Price Forecast: Bulls Traders Cluster at $2,100 as US NFP Data Introduces Fresh Risks
69% Informative
ETH price declined 8% in the last 24-hours , plunging below the $ 2,100 as as US Non-Farm Payroll (NFP) data fuels uncertainty.
Bullish dominance of market structure underscores bearish dominance, exacerbated by heightened macroeconomic uncertainty stemming from the latest US NFP report.
Bulls need to reclaim $ 2k to challenge resistance at $ 2K258 and shift momentum away from bears.
In the near term, ETH ’s trajectory hinges on macroeconomic developments, with inflation expectations playing a crucial role in determining market direction.
Inflation expectations are a crucial factor in determining the direction of the market.
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