Ethereum Will Stay Below $2,600 on October 16

Ethereum will not reach $2,600 on October 16. The token was trading at $2,438.62 on October 16 and recovered to $2,445 while testing a daily high of $2,463.31, yet it remained below the cited resistance at $2,550 to $2,600 and the $2,618 level. Hot US inflation readings are weighing on risk appetit…