Ethereum (ETH) is up 0.5% on Thursday following cooling inflation reports in the US.
Ethereum could rally in Q3 following reduced US inflation and launch of spot ETH ETFs. Ethereum 's on-chain activity shows mixed sentiment among investors. Bearish exhaustion candle could signify a downturn for ETH if SEC delays ETH ETF approval. Ethereum is up 0.5% on Thursday following cooling inflation reports in the US. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of spot ETH ETFs.
If a bearish exhaustion candle appears during an uptrend, it indicates bulls may be losing momentum, and vice versa if a bullish exhaustion candle appears during a downtrend. ETH/USDT 8-hour chart In the case of ETH, the reversal suggests that some of the over 2 million addresses that purchased ETH around $3,200 sold as they broke even, according to earlier predictions.
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