ETH eyes $4,800 amid bullish crypto outlook
Ethereum (ETH) reclaimed the $4,500 level on Friday and could stretch its rally further as Coinbase researchers predicted that the crypto market could benefit from the delay in economic data.
Ethereum rises following delay in NFP data
Ethereum reached a two-week high of $4,580 on Friday as the US government’s partial shutdown hindered the release of the Nonfarm Payrolls (NFP) data for September.
The Bureau of Labor Statistics (BLS) postponed the release of the data, originally scheduled for Friday, until further notice due to funding lapses resulting from the government shutdown. The delay could create uncertainty for the Federal Reserve (Fed), which relies on labour and other economic statistics for its policy decisions.
Such uncertainty,…
