Ethereum is back in action! Soaring 8%, favorable news strikes towards $2800!
As soon as the CPI data was released, the market ignited:
Inflation cooling → Interest rate cut expectations rising → ETH takes off!
In the past 24 hours, Ethereum surged over 8%, breaking through $2700 during the session, with a staggering 51% increase over the past week, firmly securing the title of 'Rebound King'.
🔥 Three major favorable factors
CPI rose only 0.2%, lower than expected, with inflation approaching the Federal Reserve's target;
Significant increase in interest rate cut expectations, risk assets strengthening across the board, US stocks in the green;
Pectra upgrade is approaching, enhancing ETH network performance, with sentiment exploding!
📊 Technical aspect: $2800 is a key threshold
The options market bets on $2800 as strong resistance, analysts remind: 'If it really breaks through, there will be no stopping it.'
🪙 Other coins are joining the excitement
Solana up 5%,
Dogecoin and Shiba Inu both gaining strength,
Bitcoin firmly holds at $104,200, with market FOMO sentiment heating up.
Summary:
ETH did not just come back up; it fought its way back.
Does this wave of movement resemble a brewing bull market?
