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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cronos – American Wrap 14 August

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cronos – American Wrap 14 August
FXStreet TeamFXStreet TeamFXStreet

Ethereum ETF inflows and low CPI could help ETH stage rally amid Jump Crypto headwind

Ethereum (ETH) is down 1.7% on Wednesday as low Consumer Price Index (CPI) inflation data and rising ETH ETF inflows hint that a rally may be imminent. However, a key trendline suggests ETH may repeat history by consolidating for a few weeks before beginning a fresh upward move.
Ethereum ETF Flows
Cronos (CRO) price surged around 4% on Wednesday to $0.093 following Crypto.com's announcement of a partnership with the UEFA Champions League. CRO's price increased above the descending trendline, signaling a bullish move ahead.
CRO/USDT daily chart
Bitcoin's (BTC) price rose slightly during Asian trading hours on Wednesday, approaching the critical resistance zone around $62,000. Coinglass data shows a second consecutive day of slight inflows into US-listed Bitcoin Spot ETFs, but BTC seems unable to overcome a key resistance level and on-chain data indicates increased activity in dormant wallets that suggests a potential bearish shift ahead.
Bitcoin Spot ETF Net Inflow (USD) chart
 

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