{"id":437762,"date":"2026-09-09T14:15:45","date_gmt":"2026-09-09T07:15:45","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-remains-stuck-in-a-tight-range-as-us-cpi-looms-what-are-the-key-levels-to-watch-437762\/"},"modified":"2026-09-09T14:15:45","modified_gmt":"2026-09-09T07:15:45","slug":"ethereum-remains-stuck-in-a-tight-range-as-us-cpi-looms-what-are-the-key-levels-to-watch","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/ethereum-remains-stuck-in-a-tight-range-as-us-cpi-looms-what-are-the-key-levels-to-watch-437762\/","title":{"rendered":"Ethereum remains stuck in a tight range as US CPI looms. What are the key levels to watch?"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Similar to Bitcoin,
\n Ethereum had a volatile end to last week. On Thursday, the price spiked to the
\n upside after some dovish Fed\u2019s Waller comments<\/a> indicated that he would be willing to keep interest
\n rate unchanged at the September meeting barring hot CPI data. <\/p>\n

Since he deviated
\n from his usual hawkish stance, it triggered a dovish repricing in interest rate
\n expectations which lowered the probabilities for a September rate hike and gave
\n Ethereum a boost.<\/p>\n

On Friday, most of
\n the Waller-driven gains were erased after the US NFP<\/a>surprised to the upside showing job growth in August almost tripling
\n the consensus estimate of 56K. This triggered a hawkish repricing which saw the
\n probabilities for a rate hike in September returning to pre-Waller levels. <\/p>\n

This week, all eyes will be on the US CPI report
\n data. Unless, we get some surprising breakthrough in US-Iran relations, the
\n price action will likely remain mostly rangebound or a bit negative as traders
\n at some point might start hedging into the CPI release. <\/p>\n

A soft or in-line CPI will likely give Ethereum
\n a boost as Fed\u2019s Waller mentioned that he won\u2019t consider a rate
\n hike unless we get a hot CPI. Conversely, an upside
\n surprise in core monthly inflation data will likely trigger another selloff as traders
\n will position for a rate hike.<\/p>\n

\u00a0<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that Ethereum is still stuck in a tight range between the 2,360 support and
\n the 2,560 resistance. If the price breaks to the downside, we can expect the
\n sellers to pile in to target a drop into the major trendline around the 2,100
\n level. The buyers, on the other hand, will want to see the price breaking
\n higher to increase the bullish bets into the 3,400 level next.<\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we can
\n see more clearly the rangebound price action. I also marked the four major
\n catalysts that kept Ethereum volatile in the past few weeks. As we wait for the
\n US CPI release, the market participants will likely continue to play the range
\n by buying at support and selling at resistance until we get a breakout on
\n either side. <\/p>\n

ETHEREUM TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, there\u2019s
\n not much we add here as a breakout of the range would be more important than
\n the choppy price action inside it. Moreover, the two main themes at the moment
\n are the US-Iran war and the volatility in Fed rate hike expectations.
\n Therefore, traders would be better off waiting for the US CPI, some surprising
\n breakthrough in US-Iran relations or a technical breakout for the next major
\n move.<\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we get the
\n US PPI report and the US Jobless Claims figures. On Friday, we conclude the
\n week with the US CPI report.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 Similar to Bitcoin, Ethereum had a volatile end to last week. On Thursday, the price spiked to the upside after some dovish Fed\u2019s Waller comments indicated that he would…<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437762","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437762"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437762\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}