ETH Price Stable Ahead of the US CPI Data Release
Based on the Supertrend indicator and the Moving Average Convergence Divergence (MACD), the path with the least resistance will stay to the upside. The former is now trailing ETH price while the MACD has confirmed a buy signal. For some traders, profit-booking could start at $1,600, but those looking forward to the uptrend confirmation above this level may want to wait until the Ethereum live price soars above $1,700. Highly bullish investors could keep their positions intact until Ethereum clocks $1,800 or $2,000 before closing their positions. Keep in mind that the SEC could greenlight futures-based ETH ETF in September or October – a development that could trigger a buying spree among investors and a substantial rally.







