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Ethereum briefly tops $2,700 as US inflation cools, lowering Fed rate hike odds.

Market News
01 Oct 2026
Blockonomi
View Source
Bullish
Ethereum briefly tops $2,700 as US inflation cools, lowering Fed rate hike odds.

Ethereum surged past $2,700 on September 30 following US inflation data showing August's PCE inflation at 3.4%, below expectations. This weaker inflation reading reduced the likelihood of a Federal Reserve rate hike in October from 67% to 34%, boosting market sentiment for risk assets like Ethereum. Despite a brief pullback to around $2,679, Ethereum remains above its 200-day EMA and faces resistance near $2,816, with technical indicators suggesting potential further gains toward $3,000. However, some analysts expect a short-term retracement before continued upward momentum, especially ahead of the upcoming Glamsterdam network upgrade in Q4 2026.

As of Oct 01, 2026 13:41 WIB, Ethereum is trading at Rp48,642,659 on Pluang, showing a 1-day gain of 2.27%. Despite the recent rally sparked by US inflation data, Pluang users are predominantly selling with 71% of order activity on the sell side. The market cap stands at Rp5.949,01 trillion, reflecting strong investor interest in Ethereum at this price level.

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