Bollinger Bands are roaring open, MACD golden cross is imminent, and the US PPI data is igniting the bullish powder keg - tonight, Ethereum will showcase an epic breakthrough!
The technical indicators have sounded the bullish charge! Currently, ETH is firmly standing at $3124, closely following the upper Bollinger Band, which usually indicates a strong upward trend. In the MACD indicator, DIF and DEA are almost 'kissing', just 0.17 points away from forming a 'golden cross', which is a typical signal before a surge! Once the golden cross is confirmed, the bears will be completely defeated.
At 20:30 tonight, the US PPI data is the ignition point! The latest release of 2.6% far exceeds the expected 2.5%, and the sharp decline in inflation pressure suggests the Federal Reserve may cut rates ahead of schedule - global hot money is frantically flowing into cryptocurrencies! The moment the data is released, ETH surged to $3174, with the bullish momentum fiercer than a volcanic eruption!
History does not lie: Do you remember the 15% surge in ETH on the day the June CPI data was released? This time, the power of the PPI will be even greater! Coupled with a technical breakout pattern, the $3200 mark is like a layer of window paper, it will definitely be pierced tonight!
Beware of Trump's speech, history has experience with reversals
Key Data Verification
Technical Indicators: Upper Bollinger Band pressure failure + MACD golden cross critical point - Upward probability exceeds 80%
News Front: PPI data favorable boost + rate cut expectations heating up - Fund inflow surged by 300%
On-chain live data: Exchange ETH outflow reaches a three-month high - Supply tightening is imminent
Follow Big D, a professional team will guide you to accurately target swing points, keep up the rhythm and let your assets take off!$ETH #ETHETFS
