Why is Ether (ETH) price up today?

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Why is Ether (ETH) price up today?

Ethereum’s native token, Ether (ETH), is up today as traders assess a slew of positive updates from cryptocurrency and macro markets.

On Sep. 29, Ether’s price rose nearly 2.5% to $1,688, its highest level in a month.

daily price chart. Source: TradingView
US 10-year Treasury note yield vs. vs. ETH/USD daily performance chart. Source: TradingView
Fed’s target rate probabilities for Nov. 1 2023 meeting. Source: CME
ETH total liquidations chart. Source: CoinGlass
ETH/USD daily price chart. Source: TradingView
ETH/USD daily price chart ft. falling wedge breakout setup. Source: TradingView

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