$ETH is up. Just broke above the trendline that was pushing it down.

This week, economic data has been mixed.

FED has been positive to $BTC as JPowell said something in the lines of "we will not be against innovation" when questioned about Cryptocurrency.

GDP data has been negative to $BTC while Jobless claims has been positive. Overall, GDP is more important than jobless claims so yesterday's data has been overall negative.

Today, PCE data came out as expected.

In this scenario, a rise to 110k followed by a dump to 93k seems the most plausible scenario.

ETH might once again reach $4000.

if ETH reaches that high, all Ethereum-based altcoins will pump.

the market sentiment seems to have been shifted more bullish than bearish rn.