$ETH ๐ฅ *Ethereum is Gaining Momentum!* ๐ฅ
๐ *U.S. Inflation Surprise Boosts ETH Rally* ๐
#Ethereum #ETH #MacroUpdate #TechnicalAnalysis
Today's U.S. inflation data came in lower than expected:
๐ *Core CPI MoM:* 0.1% (vs. 0.3%)
๐ *YoY:* 2.8% (vs. 2.9%)
โก๏ธ *Signals a disinflation trend*
๐ *Market Impact:*
๐ Rising expectations for Fed rate cuts
๐น USD weakening โ bullish for ETH
๐ *ETH Technicals:*
โ Strong support at *$3,500*
โ RSI turning upward ( *oversold bounce*)
โ MACD crossover confirms *short-term reversal*
