$ETH 🔥 *Ethereum is Gaining Momentum!* 🔥
📉 *U.S. Inflation Surprise Boosts ETH Rally* 🚀
#Ethereum #ETH #MacroUpdate #TechnicalAnalysis
Today's U.S. inflation data came in lower than expected:
📊 *Core CPI MoM:* 0.1% (vs. 0.3%)
📊 *YoY:* 2.8% (vs. 2.9%)
➡️ *Signals a disinflation trend*
🔍 *Market Impact:*
📉 Rising expectations for Fed rate cuts
💹 USD weakening → bullish for ETH
📈 *ETH Technicals:*
✅ Strong support at *$3,500*
✅ RSI turning upward ( *oversold bounce*)
✅ MACD crossover confirms *short-term reversal*
Is ETH gearing up for its next breakout? Let’s discuss! 🚀