ETH races to 2-month high above $1,900, as bulls return following U.S. inflation report.
) was up for a second straight session on Thursday, as prices continued to react to the latest inflation report./USD surged to an intraday peak of $24,669.13 earlier today.
The move saw the world’s largest cryptocurrency rally to its long-term resistance level of $24,600 for the first time since July 30.As on that occasion, the ceiling has so far held firm, with earlier gains easing as the session has progressed.is currently trading at $24,485.78 as of writing, and this coincidentally comes as the 14-day relative strength index collided with a resistance level of its own.
This level is the 62 mark on the indicator, which has been in place since early April, and should bulls look to take the token above $25,000, then this hurdle must be passed.
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