Ethereum Stuck at $2.68K as Softer Inflation Fails to Spark Breakout

Ethereum is trading around $2,680 on October 1 after consolidating within a narrow range throughout September.

The cryptocurrency remains trapped between support at $2,620 to $2,660 and resistance near $2,775 to $2,825. A clean break above that resistance would pave the way for Ethereum to reach $3,000.

A softer US Personal Consumption Expenditures (PCE) inflation rate has eased pressure on risk assets, but Ethereum hasn't turned this macro relief into a technical breakout yet.