Ethereum conditions converging with recent economic events and t
This picture describes the main macroeconomic events that have had significant effects on the Ethereum price trend in 6 points.
1) POW change to POS.
2) Continued growth of the inflation rate and increased pressure of 75 units of the interest rate.
3) The ceiling has formed in the Core CPI rate, indicating stabilization of the maximum inflation level in the United States of America.
4) Injecting money into the banking system, increasing the purchase of bonds and decreasing the value of the dollar.
In the range of 105 points, the dollar index was priced for an interest rate of 5.75%.
5) The issue of increasing the debt ceiling and selling bonds arose due to concerns about the possibility of default. However, the recent approval of the debt ceiling increase has helped alleviate market fears.
6) If the Core CPI inflation rate moves away from the 5.5% range, Ethereum is expected to continue its growth trajectory above $1,700.
1) POW change to POS.
2) Continued growth of the inflation rate and increased pressure of 75 units of the interest rate.
3) The ceiling has formed in the Core CPI rate, indicating stabilization of the maximum inflation level in the United States of America.
4) Injecting money into the banking system, increasing the purchase of bonds and decreasing the value of the dollar.
In the range of 105 points, the dollar index was priced for an interest rate of 5.75%.
5) The issue of increasing the debt ceiling and selling bonds arose due to concerns about the possibility of default. However, the recent approval of the debt ceiling increase has helped alleviate market fears.
6) If the Core CPI inflation rate moves away from the 5.5% range, Ethereum is expected to continue its growth trajectory above $1,700.
Entering the spending power of 31 trillion dollars in the body of the United States economy is indicative of a large money supply and the implementation of an expansionary fiscal policy.
The market's eyes are now fully focused on next week's inflation rates and next week's FOMC meeting, and until then Ethereum and Bitcoin will remain at these levels.