Ethereum price at $2,417 after 3.7 percent US inflation breaks the $2,495 level

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The American inflation rate rose to 3.7 percent in September, above expectations. Ethereum slipped below the $2,495 level that had held twice this week.The Ethereum price stands at around $2,417 on Wednesday afternoon, roughly 2,179 euros. That is a good four percent less than 24 hours earlier, and the slide carries a timestamp: at 12:30 p.m. Central European time the US Labor Department published consumer prices for September. The headline rate rose to 3.7 percent year on year, where 3.6 percent had been expected. The core rate excluding energy and food came in at 2.6 percent. With that, the level that had held twice this week has gone. On Monday the price turned higher at $2,495.93; yesterday it was still at $2,534. Today it sits below, and the daily high of $2,524.82 dates from the hours before the figure. The inflation figure in detail: a 3.7 percent headline rate, a 2.6 percent core rate Consumer prices are the single most important date for rate expectations in the markets...