The new cryptocurrency whale has bought $ 1.34 billion in ethereal in the past eight days, as ETH ETF flows in the United States have exceeded and speculation feeding on the course of the distinctive symbol prices before inflation data in the main United States.
The whale obtained 312,052 Ether (ETH) through 10 newly created currency portfolios, According to To the platform of the Lookonchain encryption.
The whale captured $ 300 million than the flows that have shattered the record to the ETHER TRAPED (ETFS) funds, which raised a billion dollars of ether on Monday, the largest net daily flows since its launch.
Analysts say the accumulation of one billion dollars can help to pay the ether closer to its highest level ever at $ 4,890, and more than 12 % remains higher than the current levels. The increase in demand comes at a time when investors are awaiting Consumer Prices Reports (CPI) this week and the PPI price index reports, which can constitute expectations for interest decision in the United States on September 17.
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89 % of investors expect interest rates in September
CPI and PPI reports are a key to the formation of monetary policy expectations, as the upper inflation data is expected “may weaken” the appetite of the investor and “Stand” in the current Crypto Rally, according to Javier Rodriguez-Alaracón, the chief investment employee in Crypto Trading and Asset Management. “The assembly is suitable for ETH model behavior and can stop or merge without new incentives.
He said: “He explains the almost neutral Z (-0.06) that, despite the size of this step, it remains good in the range of the regular fluctuations of ETH,” adding that the continuation of the Corporate Ministry of Corporation may enable ETHER to test its previous height at all.
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The market pricing by 82 % is for the Federal Reserve Bank to maintain fixed interest rates during the upcoming Federal Open Market Committee meeting on September 17, According to To the latest estimate of the Fedwatch tool for the CME group.
However, Eter sees an aggressive profit from the short -term ether holders, indicating that this group may expect a decline.
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