Core PPI

Ethereum has recovered sharply from the $2,400 area, with technical traders pointing to renewed buying pressure after a swift defense of a key support zone. A move above $2,600 is now being watched as a potential confirmation signal before any retest of $2,800.

Ethereum has bounced 5% in the past 24 hours after defending the $2,400 area, a former resistance zone now acting as support. Traders are watching whether ETH can clear $2,600 to confirm renewed buyer control and open the way toward $2,800.

The U.S. dollar softened as traders weighed an unchanged July Producer Price Index reading and higher-than-expected jobless claims. EUR/USD advanced, GBP/USD slipped despite stronger UK GDP, USD/CAD tested support, and USD/JPY remained pinned near a key resistance zone.

The U.S. dollar eased as traders weighed an unchanged July Producer Prices reading and a higher-than-expected jobless claims figure. EUR/USD advanced, GBP/USD slipped despite stronger UK growth, USD/CAD tested support, and USD/JPY stayed pinned near a key resistance zone.