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Ethereum price prediction: Will cooling inflation help ETH reclaim $2,000?
['Benjamin Njiri', 'Written By', 'Reviewed By', 'Gladys Makena', 'Muriuki Lazaro', 'Ishika Kumari', 'Kelvin Murithi']
AMBCrypto
Institutional demand for Ethereum [ETH] eased slightly ahead of U.S. inflation data and rising oil prices.
The metric tracks the net difference between ETH entering exchanges and ETH being moved out.
Notably, there is scheduled U.S. inflation data (CPI) on the 12th of August.
However, higher inflation figures would reinforce the ongoing Fed rate hike fears.
Otherwise, if inflation cools, ETH price may reclaim $1900, and eye the $2000 psychological level.