Ethereum reclaims $2,400 as falling Treasury yields ease inflation pressure

CoinJournal · 10/16/2026, 9:15:24 AM

Key takeaways Ethereum recovered above $2,400 after briefly falling toward $2,340 following hotter-than-expected US producer inflation. September PPI rose 6.3% annually, while core PPI reached 5%, both exceeding forecasts. Support stands near $2,355, while resistance between $2,496 and $2,552 could challenge the recovery. Ethereum rebounds after producer inflation surprise Ethereum recovered above $2,400 on Friday […] The post Ethereum reclaims $2,400 as falling Treasury yields ease inflation pressure appeared first on CoinJournal .