Ethereum Price Consolidates Amid Escalating Tensions
Ethereum has been consolidating between its 50-day and 100-day Exponential Moving Averages (EMAs) since mid-July, indicating indecision among traders.
US-listed spot Ethereum ETFs have recorded net inflows for the fourth consecutive week, suggesting institutional investors are returning to the market and supporting Ethereum's price.
The escalating US-Iran tensions are keeping inflation concerns elevated, limiting Ethereum's upside potential. The ongoing conflict has fueled volatility in crude oil prices, with traders pricing in the possibility of further policy tightening due to increased inflation risks.