Detailed Market Sentiment and Technical Analysis

Technical analysis from Binance's price prediction page indicates that $ETH is currently in a bullish short-term trend on the four-hour time frame, with the 50-day moving average sloping up, suggesting recent buying interest. However, the 200-day moving average sloping down since January 3, 2025, indicates a weaker long-term trend, which traders should monitor for sustainability. The RSI being below the 30-70 neutral zone suggests ETH is oversold, potentially offering buying opportunities if the price stabilizes above key support levels, such as $4,031.60, with stronger support at $3,952.40, as mentioned in earlier Binance Square posts.The market's reaction to the anticipated CPI data is critical. Lower-than-expected CPI could reinforce bullish sentiment, potentially pushing ETH prices higher, especially given Bitcoin's recent milestone of hitting $102K, as noted in the X post. Conversely,

higher-than-expected inflation could lead to increased volatility, possibly pressuring ETH prices downward. Given the current time is before the release, traders on Binance are likely positioning themselves for either scenario, with the platform's high liquidity facilitating rapid market responses.

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